The Landed Interest And the Supply of Food

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153 The example of a lease which is equitable Lord Leicester's to both sides, and under which the farmer lease an admirable obtains reasonable security to continue good example in its chief cultivation from the commencement to the features, close, is to be found in the farm lease of the Earl of Leicester. It fully recognises that continuance of interests to which I have referred, but most properly leaves both parties free to withdraw from the contract at its which admit of termination. The tena...ncy is for twenty years freedom of manage- from the nth day of October. It is to be ment, and provide for terminable at the end of sixteen years, at the renewal without request of the tenant and with the consent of exposure ■^ to undue the landlord, the intention being that, if both competi- ° tion.
parties desire it, a new lease may be granted from the end of the sixteenth year for a fresh term of twenty years, at the old rent for the first four (which completes the original term), and for the remainder at such a rent as may be agreed on.


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