( 1^9 ) 



«« place, with permifllon for the tenant, at the period of 

 *< each of thefe rifes of rent to give up his farm if he fhall 

 *' fee proper, and granting a fimilar power to the landlord 

 *' upon proper terms, to rcfume his land if he fliall think 

 ** fit. The particulars of this contrad, and the grounds 

 " on which they reft areas under. 



** He aflumes it as a poftulatum that a landlord and te- 

 ** nant are capable of forming a tolerably juft eftimate of 

 ** the value of the land in queftioh for a Ihort period of 

 ** years, fuch as it is cuftoinary to grant leafes for in Scot- 

 •* land: fay twenty-one years- And having agreed upon thefe 

 " terms, which, for the prefent we fliall call lool. rent, the 

 *' tenant exprelTes a wifli to have his leafe extended to a 

 •* longer period. To this the proprietor obje61:s, on this 

 «* ground, that it is not poilible to form a precife efti- 

 *• mate of what value the ground may be at the end of 

 *' that period. He has already feen that ground for the 

 *' laft twenty-one years has increafed much more in va- 

 *' lue than any perfon at the beginning of that period 

 <* could eafily have conceived it would have done, and 

 <* therefore he cannot think of giving it ofF juft now for a 

 <* longer period, as a fimilar rife of value may be expedled 

 ** to take place in future. This reafoning appears to be 

 '• well founded, and therefore to give the landlord a rea- 

 <* fonable gratification, he propofes that it fhould be fti- 

 " pulated that if the tenant fhould agree to give a certain 

 •' rife of rent at the end of that period, fuppofe 20I. the 

 *' landlord fhould confent that the leafe fliould run on for 

 *< another period of twenty-one years ; unlefs in the cafes 

 <* to be aftermentioned. 



'< But as it may happen that this 2ol. now flipulated to 

 '« be paid at fo diftant a period, may be more than the far- 

 *♦ mer will find he is able to pay, an option fhall be given to 



Y ♦• him 



