Earl of Leicester's Lease. 153 



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 features, 

 close, 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 from the contract at its which 



admit of 



termination. The tenancy is for twenty years freedom of 



manage- 



from the nth day of October. It is to be ment, and 



provide for 



terminable at the end of sixteen years, at the renewal 



without 



request of the tenant and with the consent of exposure 



■^ to undue 



the landlord, the intention being that, if both competi- 



° tion. 



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 cultivate and 

 manage the farm during the first sixteen 

 years according to his own judgment, and to 

 dispose of the produce as he finds best. A 

 power is reserved to interpose if this freedom 





