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Effect of Lease.
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XXVIII. Any Lease granted in pursuance of this Act by an individual Limited Owner shall be valid against the Person granting the same, and against all Persons claiming under the same Settlement any Estate or Interest subsequent to the Estate or Interest of such Limited Owner; and any Lease granted in pursuance of this Act by any Limited Owner, being a Body Corporate, Corporation Sole, Trustees for Charities, Commissioners or Trustees for ecclesiastical, collegiate, or other public Purposes, shall bind all the Estate and Interest of such last-mentioned Limited Owner; but no Lease granted by an Owner who is himself a Lessee shall continue after the Expiration of the Term granted by such Owner’s Lease, nor shall anything herein contained be deemed to enable any such Owner to grant any Lease which, by virtue of any Covenant or Agreement with his Lessor, he is precluded from granting.
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