EARL OF LEICESTER'S LEASE. 153 



the late Irish Land Act. No such legal obliga- 

 tions are imposed in England or Scotland, 

 where, on this very important point, the farmer 

 is left, like other members of the community, 

 to make his own bargain. 



The example of a lease which is equitable Lord 



Leicester's 



to both sides, and under which the farmer lease an 



admirable 



obtains reasonable security to continue good example in 



its chief 



cultivation from the commencement to the close, features, 

 is to be found in the farm lease of the Earl of 

 Leicester. It fully recognises that continuance 

 of interests to which I have referred, but most 

 properly leaves both parties free to withdraw which 



admit of 



from the contract at its termination. The freedom of 



manage- 



tenancy is for twenty years from the nth day of merit, and 



provide for 



October. It is to be terminable at the end of renewal 



without 



sixteen years, at the request of the tenant and exposure 



to undue 



with the consent of the landlord, the intention c . om P e ti- 



tion. 



being that, if both parties desire it, a new lease 

 may be granted from the end of the sixteenth 

 year for a fresh term of twenty years, at the old 

 rent for the first four (which completes the 

 original term), and for the remainder at such a 

 rent as may be agreed on. The tenant is to 



