The legal distinction between ‘missives of let’ and ‘missives for let’ (agreement for lease) is observed in the legislation insofar as each category of missives is given its own heading. The legal status of missives of let is that they constitute a lease in themselves and are referred to as ‘the first lease’ in the Act. Missives for let, in contrast, are the agreement for lease and do not constitute a lease in themselves, and are referred to as ‘the notional lease’ in the Act. See ¶208-120.

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