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Greenwich Hospital Act 1865

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This is the original version (as it was originally enacted).

Restrictions on leasing.

29The Power of the Admiralty to make Leases of any of the Lands vested in them by virtue of this Act shall be exercised subject and according to the following Restrictions and Provisions :

First, The Term of an Agricultural Lease shall not exceed Twenty-one Years, of a Building Lease Ninety-nine Years, and of a Mining Lease Forty-two Years :

Secondly, Every Lease shall take effect in Possession and not in Reversion, and there shall be reserved thereby the best yearly Rent, to be incident to the immediate Reversion, that can reasonably be gotten; and a Fine or anything in the Nature thereof shall not be taken :

Thirdly, There shall be contained in every Lease a Condition of Re-entry for Nonpayment of Rent:

Fourthly, The Lessee shall execute a Counterpart of every Lease, and shall thereby covenant for Payment of the Rent thereby reserved:

Fifthly, In the Case of an Agricultural or Building Lease, the Lessee shall not be made dispunishable for Waste :

Sixthly, In the Case of a Building Lease a Rent smaller than the Rent ultimately payable may be reserved for all or any Part of the first Five Years of the Term :

Seventhly, In the Case of a Mining Lease, Rent may be reserved by way of Toll, Duty, Royalty, or Reservation, by the Acre, the Ton, or otherwise.

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