This legislation has been repealed.
If—
(a) a valid power of leasing is vested in or may be exercised by a person granting a lease; and
(b) the lease cannot have effect, or continue to have effect, according to its terms independently of the power (because of the ending of the estate or interest of the person or otherwise);
the lease is, for this part, taken to be granted in the intended exercise of the power, even though the power is not mentioned in the lease.