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Interpretation of Terms.
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I. In the Construction of this Act the Words “Grantor” or “Lessor” shall extend to a Body Politic, Corporate, or Collegiate, making Grants or Leases:
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The Word “Lessee” shall include the personal Representatives of any Lessee and his lawful Assigns:
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The Word “Person” shall include any Body Politic, Corporate, or Collegiate:
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The Expression “Perpetual Interest” shall comprehend, in addition to any greater Interest, any Estate for One or more than One Life, with or without a Term for Years, or for Years, whether absolute or determinable on One or more than One Life, with a Covenant or Agreement by a Party competent thereto for perpetual Renewal:
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The Expression “Successors in Estate” shall extend to and include the Persons entitled for the Time being after the Lessor to the actual Receipt of the Rents and Profits of the Lands comprised in the Lease, under the same Title, Settlement, or Will with the Lessor, or under the Exercise of any Power affecting such Title or continued in such Settlement or Will, and who but for the making of the said Lease would be entitled to Possession of the Lands, or to the Possession subject to any other existing Lease or Tenancy:
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The Word “entitled” shall mean entitled either legally or equitably:
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The Word “Settlement” shall include every Assurance or connected Set or Series of Assurances, whether by Deed, Will, Private Act of Parliament, or otherwise, by which Lands are or shall be limited in a Course of Settlement, or agreed so to be.
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