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For the Renewal of Leases held under Sees whereof the Temporalities may be vested in the Commissioners under this Act.
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CLX. And be it further enacted, That while and so long as any Tenant or Tenants, Lessee or Lessees, holding, or who shall at any Time hereafter hold immediately from and under the said Commissioners under this Act, any Lands, Premises, or Hereditaments heretofore belonging or which shall hereafter belong to any Bishoprick united or hereafter to be united to any other Archbishoprick or Bishoprick, and which Lands, Premises, and Hereditaments, or the Reversion thereof, shall have been transferred to and vested in the said Commissioners by virtue of this Act, shall be desirous of holding such Lands, Tenements, and Hereditaments by the like Tenure as the same have been theretofore holden by, and shall from Time to Time, at such Periods as the Lease in such Lands, Tenements, or Hereditaments may have been theretofore usually renewed, or ought to be renewed according to the customary Manner of renewing the same, or within Six Months thereafter, apply for a Renewal of such Lease, the said Commissioners under this Act shall and may accept a Surrender of the then subsisting Lease, and shall and are hereby required to demise anew the Lands, Tenements, or Hereditaments therein contained for such like Term or Interest as may have been granted therein by the Lease so surrendered, reserving by such new Lease the annual Rent or Rents theretofore reserved out of the said Lands, Premises, and Hereditaments by the Lease so surrendered, and receiving for and in consideration of making such new Lease Payment of such a Fine as may be equal to the average Amount of the Renewal Fines theretofore paid or agreed to be paid, or customarily paid or payable for the Renewal of the Lease or Interest in such Lands, Tenements, and Hereditaments, such annual Rent or Rents and average Amount of such Renewal Fines to be ascertained by all such and the like Means as hereinbefore provided for ascertaining the same in the Case of Applications for the Purchase of Perpetuities under this Act.
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