Summary

Henry Winch Agricultural Holdings Act: Exposition… (1875)

Upon the second principle the tenant lays out the money at his own risk, and if the outlay is injudicious he will be the sufferer; but if the outlay is so judicious that he receives a large sum for compensation, he is fairly entitled to it as an equivalent for his skill and knowledge. The landlord is not injured, for whatever it adds to the yearly value he gets back in increased rent. The charge upon the holding can then be made to determine at the period of the exhaustion of the improvement, thus preventing anything resembling a permanent charge on the land.
Source: Wikisource

Henry Winch Agricultural Holdings Act: Exposition… (1875)

Suppose, at the time of consent given, landlord absolute owner, the tenant would then be entitled to compensation on the first principle; but the landlord, from whom he obtains compensation, is a tenant for life, and, therefore, the tenant for life pays on the first principle, and obtains a charge limited in duration. To illustrate this further: sum laid out by the tenant £200, addition made thereby to yearly letting value £10; at the time of consent given, landlord absolute owner. Tenancy determined, after three years of improvement exhausted, by landlord who is a tenant for life.
Source: Wikisource

Henry Winch Agricultural Holdings Act: Exposition… (1875)

Assessing the tenant's claim upon this principle will obviate the necessity of an inquiry "as to the sum laid out," which must always be more or less unsatisfactory in its result. If the tenant takes care that the sum expended produces an immediate return of 8 per cent. per annum, it will be found that, no matter when the tenancy be determined, he will not be a loser, as the following tables show.
Tables showing the amount of compensation to which tenant is entitled for first-class improvement where landlord is absolute owner or not absolute owner:—
SUM SUPPOSED TO BE LAID OUT, £100.
Source: Wikisource

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