This legislation has been repealed.
Nothing in section 51 or 52—
(a) affects the creation by parol of a lease at the best rent that can reasonably be obtained without taking a fine, being a lease that takes effect in possession—
(i) for a term not exceeding 3 years without a right for the lessee to extend the term; or
(ii) for a term not exceeding 3 years with a right for the lessee to extend the term, at the best rent that can be obtained without taking a fine, for a further period, but so that the period of the lease and the period of the extension do not in the aggregate exceed 3 years; or
(b) invalidates a disposition by will; or
(c) affects an interest validly created before 26 June 1986; or
(d) affects a right to acquire an interest in land by virtue of taking possession of the land; or
(e) affects the operation of the law relating to part performance.