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Tacit relocation

Tacit relocation, a silent or understood reletting of premises after the expiration of a lease, upon the same terms, etc., as those of such lease, Scots Term. Means the implied or constructive renewal

Assignment

straw, Fagg v. Dobie, (1838) 3 Y.& C. 96, and thus escape liability on the covenants in the lease, though he is usually made liable, on a covenant of indemnity in the deed of assignment, to his

Chattels or catals

is to endure, and it is immaterial that the interests may come to an end sooner; e.g., a lease for 99 years if A. shall s long live is a chattel interest or chattel real, for it

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Counterpart

key of a cipher. When the severalprts of an indenture (as is almost invariably the case with a lease) are interchangeably executed by the several parties, that partor copy which isexecuted by the grantor inusually called the

Deed

Act, 1925, s. 57, a deed may be described according to the nature of the transaction, e.g., 'this lease,' 'this mortgage,' etc., or as a 'deed' and not habitually by the word 'indenture.' The requisites of a

Terms for years

the nature of real property. A term is usually created by a deed or speciality contract, called a lease or demise under the Common Law (see LEASE), and the appropriate operative verbs therein are 'demise,' or 'grant,

Settled land

Ch 537; Wolstenholme & Cherry, Conveyancing, etc., Acts. Prior to 1856 settled estates could not be sold or leased except under the authority of some power in the settlement by which they were settled, or of a

Leasehold value

Leasehold value, means the value of a leasehold interest. This term usu. applies to a long-term lease when the

Entry

to constitute a seisin in deed, and is necessary in certain cases, as, e.g., to perfect a common-law lease. When a person without any right has taken posses-sion of land, the party entitled may make a formal

On the same terms and conditions in all respects

On the same terms and conditions in all respects, means when this expression is used in a lease at the time of its renewal subject to alteration as to duration of time and rent, the expression

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