Settled Estates Leasing Act.

This Act concerns the lease of settled estates. "Settled estate" is defined in section 2 as "all immovable property and all estates or interests in any such immovable property, which are subject of any settlement". "Settlement" is defined as "any deed, agreement, will or other instrument under or by virtue of which any immovable property or any estate or any interest in any such immovable property stands limited to or in trust for any person or persons by way of succession or for a life or lives, or for a term of years determinable with the death of any person". This Act allows the High Court to authorize, subject to certain conditions, leases of any settled estates or of any rights or privileges over or affecting any settled estates for any purposes whatsoever. Such leases shall be limited in time, shall be reserved the best rent obtainable, shall be in writing and shall contain a clause on re-entry on non-payment of the rent (sect. 3). The Judges of the High Court are empowered by section 12 to make rules for carrying the purposes of this Act into effect. (12 sections)