152 Leases invalidated by reason of non-compliance with terms of powers under which they are granted
Law of Property Act 1925 (1925 c 20) | Legislation

152  Leases invalidated by reason of non-compliance with terms of powers under which they are granted

(1)     Where in the intended exercise of any power of leasing, whether conferred by an Act of Parliament or any other instrument, a lease (in this section referred to as an invalid lease) is granted, which by reason of any failure to comply with the terms of the power is invalid, then—

(a)     as against the person entitled after the determination of the interest of the grantor to the reversion; or

(b)     as against any other person who, subject to any lease properly granted under the power, would have been entitled to the land comprised in the lease;

the lease, if it was made in good faith, and the lessee has entered thereunder, shall take effect in equity as a contract for the grant, at the request of the lessee, of a valid lease under the power, of like effect as the invalid lease, subject to such variations as may be necessary in order to comply with the terms of the power:

Provided

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