Commercial Leases
Disposition of property – lease or tenancy for life – section 149(6) Law of Property Act 1925
The principal claim was to a lease pursuant to s149(6) Law of Property Act 1925.
The statutory provision: Law of Property Act 1925
Section 149(6)
‘ (6) Any lease or underlease, at a rent, or in consideration of a fine, for life or lives or for any term of years determinable
with life or lives, or on the marriage of the lessee, or on the formation of a civil partnership between the lessee and another
person, or any contract therefor, made before or after the commencement of this Act, or created by virtue of Part V. of the
Law of Property Act, 1922, shall take effect as a lease, underlease or contract therefor, for a term of ninety years determinable
after (as the case may be) the death or marriage of, or the formation of a civil partnership by, the original lessee or the
survivor of the original lessees, by at least one month’s notice in writing given to determine the same on one of the quarter
days applicable to the tenancy, either by the lessor or the persons deriving title under him, to the person entitled to the
leasehold interest, or if no such person is in existence by affixing the same to the premises, or by the lessee or other persons
in whom the leasehold interest is vested to the lessor or the persons deriving title under him: