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Universities and College Estates Act 1925
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6Power to lease for building or mining or ordinary purposes
A university or college may lease any land belonging to the university or college, or any easement, right, or privilege of any kind, over or in relation to the same, for any purpose whatever, whether involving waste or not, for any term not exceeding—
(i)In case of a building lease, ninety-nine years:
(ii)In case of a mining lease, sixty years:
(iii)In case of any other lease, twenty-one years.
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