any consideration having been given for the same, the force and effect of interests at will only. (2) Nothing in the foregoing provisions of this Division shall affect the creation by parol of leases taking effect in possession for a term not exceeding three years (whether or not the lessee is given power to extend the term) at the best rent which can be reasonably obtained without taking a fine. No. 3754 s. 55. 55 Savings in regard to sections 53 and 54 Nothing in the last two preceding sections shall— (a) invalidate dispositions by will; or (b) affect any interest validly created before the commencement of the Property Law Act 1928; or (c) affect the right to acquire an interest in land by virtue of taking possession; or (d) affect the operation of the law relating to part performance. 56 Persons not named as parties may take interest in No. 3754 s. 56. land etc. (1) A person may take an immediate or other interest in land or other property, or the benefit of any condition, right of entry, covenant or agreement over or respecting land or other property, although he is not named as a party to the conveyance or other instrument. (2) A deed between parties, to effect its objects, shall have the effect of an indenture though not indented or expressed to be an indenture. 57 Description of deeds No. 3754 s. 57. Any deed, whether or not being an indenture, may be described (at the commencement thereof or otherwise) as a deed simply, or as a conveyance,
any consideration having been given for the same, the force and effect of interests at will only. (2) Nothing in the foregoing provisions of this Division shall affect the creation by parol of leases taking effect in possession for a term not exceeding three years (whether or not the lessee is given power to extend the term) at the best rent which can be reasonably obtained without taking a fine. No. 3754 s. 55. 55 Savings in regard to sections 53 and 54 Nothing in the last two preceding sections shall— (a) invalidate dispositions by will; or (b) affect any interest validly created before the commencement of the Property Law Act 1928; or (c) affect the right to acquire an interest in land by virtue of taking possession; or (d) affect the operation of the law relating to part performance. No. 3754 s. 56. 56 Persons not named as parties may take interest in land etc. (1) A person may take an immediate or other interest in land or other property, or the benefit of any condition, right of entry, covenant or agreement over or respecting land or other property, although he is not named as a party to the conveyance or other instrument. (2) A deed between parties, to effect its objects, shall have the effect of an indenture though not indented or expressed to be an indenture. No. 3754 s. 57. 57 Description of deeds Any deed, whether or not being an indenture, may be described (at the commencement thereof or otherwise) as a deed simply, or as a conveyance,