528 CONVEYANCING. [ART. 21

creditors; provided, the term during which the rent or instal-
ments are to be paid shall not exceed ten years. Such contracts
shall be in writing and shall be acknowledged and recorded as
deeds in the county in which the said vendor or lessor has its
principal office in this State.

1888, art. 21, sec. 85. 1884, ch. 485. 1888, ch. 395.
88. All leases or sub-leases of land made in this State
between the 8th day of April, 1884, and the 5th day of April,
1888, for a longer period than fifteen years, shall be redeema-
ble at any time after the expiration of fifteen years, at the
option of the tenant, for a sum of money equal to the capital-
ization of the rent reserved at the rate of six per centum in
gold coin of the United States, or its' equivalent, unless some
other sum not exceeding four per cent, capitalization of said
rent in said coin shall be specified in said lease, in which event
said rent shall be redeemable for the sum fixed in said lease or
sub-lease. All rents reserved by leases or sub-leases of land
made in this State after April 5th, 1888, for a longer period
than fifteen years shall be redeemable at any time after the
expiration of ten years from the date of such lease or sub-lease,
at the option of the tenant, after a notice of six months to the
landlord, for a sum of money equal to the capitalization of the
rent reserved at a rate not to exceed six per centum.

Erb v. Grimes, 94 Md. 106. Plaenker v. Smith, 95 Md. 394. Swan v.
Kemp, 97 Md. 688.

1900, ch. 207, sec. 85 A.

89. All rents reserved by leases or sub-leases of land here-
after made in this State for a longer period than fifteen years
shall be redeemable at any time after expiration of five years
from date of such leases or sub-leases, at the option of the
tenant, after a notice of one month to the landlord, for a sum
of money equal to the capitalization of the rent reserved at a
-rate not exceeding six per centum.

Swan v. Kemp, 97 Md. 691.

1888, art. 21, sec. 86. 1884, ch. 238, secs. 1, 2.
90. In all cases where proceedings shall have been or shall
be instituted for the renewal of leases for ninety-nine years,
renewable forever, which shall have expired, or shall be about
to expire, and the court shall have decreed or shall decree the
renewal of such leases, such decree shall be sufficient to renew
the title of all parties to such leases, their heirs, personal
representatives and assigns, as the case may be, for another