All such Grants and Assurances shall and may be made in the following Form of Words, or as nearly thereto as may be; (that is to say,)
”GEORGE the Third, by the Grace of God, of Great Britain, France,and Ireland, King, Defender of the Faith, and so forth; To all to whom these our present Letters shall come, Greeting: Know ye, that we, in Consideration of the Sum of of lawful Money of Great Britain, paid into the Hands of our Receiver-general of the Revenues of our Duchy of Lancaster (as appears by the Receipt of the said Receiver-general indorsed on these Presents), and by and with the Advice and Consent of our Chancellor and Council of our said Duchy, do by these Presents grant, bargain, and sell, unto A. B. his Heirs and Assigns, all that Rent of [expressing the Rent or Rents] issuing and payable out of [briefly describing the Lands or Tenements chargeable] now or late paid or payable by [mentioning the Person or Persons, as the Case may be;] To have and to hold the said Rent [or Rents] hereby bargained and sold, and all Benefits and Advantages thereunto belonging, unto and to the Use of the said A. B. his Heirs and Assigns, for ever; [In case there be any subsiding Lease of the Rent or Rents sold, Words to the following Effect are to be added,] subject nevertheless to the Term and Interest in the said Rent or Rents now outstanding, by virtue of a Lease, granted under the Seal of our said Duchy, bearing Date on or about [expressing the Date,] unto [expressing the Lessee,] for a Term of [as the Case may be,] which will expire on or about [expressing the Time when the Lease will expire.] In witness whereof, &c.’