This Act may be cited as the Maori Trust Leases Renewal Act 1953.

In this Act, unless the context otherwise requires, “lessee” includes the successors, executors, administrators, and assigns of the lessee.

Where any lessee is entitled to a renewal of his lease (whether by way of the grant of a new lease, or by way of the extension of the existing lease, or otherwise) and the lease is one in respect of which the Maori Trustee is for the time being authorized to grant a renewal or execute an extension, the Maori Trustee and the lessee may, notwithstanding anything contained in any other Act, execute a memorandum of extension of the lease in accordance with the provisions of this Act.

The memorandum of extension shall be in the form prescribed in the Schedule to this Act, and the provisions of section one hundred and sixteen of the Land Transfer Act 1952 shall, as far as they are applicable and with the necessary modifications, apply to any such memorandum of extension executed as aforesaid.

The provisions of this Act shall extend and apply to any such lease notwithstanding that the lease has expired, whether before or after the commencement of this Act, before the execution of any such memorandum of extension and notwithstanding that the lease was not originally granted by the Maori Trustee.