(1)Where a leasehold interest in land is vested in a diocesan board of finance, the fact that, on the grant of the lease, the board was also the landlord of the property which is subject to the leasehold interest does not affect the validity of the grant of the lease (or, accordingly, the lease’s capability of being registered).
(2)The references in subsection (1) to a diocesan board of finance are, in a case where the leasehold interest is vested under section 6 of the Parochial Church Councils (Powers) Measure 1956 or section 3 of the Incumbents and Churchwardens (Trusts) Measure 1964 in a body other than the board, to be read as references to that other body.
(3)Subsections (1) and (2) are to be regarded as having always had effect.