(1) Land leased for a
term of years of which 10 years are unexpired or leased for years determinable
with a life or lives may be brought under the operation of this Act as near as
may be in a similar manner and subject to the same or similar provisions as
are hereinbefore contained with respect to freehold land.
(2) The application
may be made by persons having such estates and interests in the leasehold land
as are similar or correspondent to the estates and interests of the persons
entitled to apply to bring freehold land under this Act.
(3) Every certificate
of title to leasehold land shall always be subject to the rights and powers of
the lessor or his representative and of any person entitled to the inheritance
in the land immediately expectant on the term as well as to the encumbrances
hereinafter mentioned as not requiring special notification.
(4) The several
provisions of this Act with respect to freehold land shall apply to leasehold
and with such variations only as the difference in the nature of such property
requires or as may be necessary to render such provisions applicable to
leaseholds for years.
[Section 39 amended: No. 19 of 2010 s. 51.]
[ 40. Deleted: No. 81 of 1996 s. 18.]
[ 41. Deleted: No. 81 of 1996 s. 19.]