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RENEWABLE LEASEHOLD CONVERSION ACT 1849 - SECT 6

By consent, a portion of the lands comprised in lease, &c., and not subject to any inferior under-lease in perpetuity may be allocated in lieu of fee-farm rent, or the fee-farm rent may be charged on part only of such lands.

6. Where the owner required to execute such grant as aforesaid and the owner
requiring the same shall so agree, a part of the lands comprised in the lease
or under-lease by the owner of which such grant is required, and not comprised
in any inferior under-lease in perpetuity, may be allocated in fee simple in
lieu of the fee-farm rent which would have been made payable by such grant, or
of any portion thereof, or such fee-farm rent, or any portion thereof, in lieu
of which land is not allocated as aforesaid, may be made payable out of any
sufficient part only, to be specified in the grant, of the lands comprised in
such lease or under-lease, and the residue of the lands shall be discharged
therefrom; and where land is allocated as aforesaid the same shall by the same
grant be conveyed or surrendered by the owner of the lease or under-lease to
the owner to whom the fee-farm rent in lieu of which or of a portion of which
the same is allocated would have been payable.

© 1849 Crown Copyright

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