Ground Rents in Maryland; With an Introduction Concerning the Tenure of Land Under the Proprietary

Ground Rents in Maryland; With an Introduction Concerning the Tenure of Land Under the Proprietary

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1883 edition. Excerpt: ...and the fine for renewal was one year's rent), based upon the full recognition of the reversionary estate in the lessor and those who may claim under him; while, on the part of the lessee, the object of the contract is the perpetual enjoyment of the land, with an encouragement to make such improvements as he would not be justified in making but with a view to, and the security for, such perpetual enjoyment. But while such are the objects in view in the making of these leases, and such the liberal principles of a Court of Equity that will be applied for their accomplishment, there are well-defined limits to those principles which cannot be transgressed; and in their application the court must ever be careful that it does not afford too great immunity to those who may be disposed to be negligent, or by too great an indulgence to these applications, introduce confusion and uncertainty in respect to the titles of an important species of property. 58 Md. 330. Where the application for renewal is made within a reasonable time, and upon continued acknowledgment of the tenure created by the original lease, there, none of the uncertainties and embarrassments, which might and would likely exist in other condition of things, would or could intervene to make it improper for a Court of Equity to grant relief. 58 Md. 331. The application for relief must be made within a reasonable time; but what will be a reasonable time must, to a considerable extent, depend upon the special circumstances of each particular case. 58 Md. 333. A Court of Equity will not enforce the specific execution of a covenant for renewal in a lease for the term of ninety-nine years renewable forever, where nearly twelve years were allowed to elapse after the expiration of the...show more

Product details

  • Paperback | 40 pages
  • 189 x 246 x 2mm | 91g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236933494
  • 9781236933492