Poultney v. Emerson

It was provided by the Act of 1884, Ch. 485 (Code, 1904, Art. 21, sec. 88) that all leases of land in this State thereafter made, for a longer period thán fifteen years, should be redeemable after the expiration of fifteen years, at the option of the tenant, for a sum of money equal fi> the capitalization of the rent reserved at the rate of six per cent, unless some other sum not exceeding four per cent, should be specified in the lease, in which event the rent should be redeemable upon the basis thus prescribed. This act became effective April 8th, 1884. Ten days before that date an…