75 Power of tenant and landlord to obtain charge on holding

75  Power of tenant and landlord to obtain charge on holding

(1)     Where any sum has become payable to the tenant of an agricultural holding in respect of compensation by the landlord and the landlord has failed to discharge his liability therefor within one month after the date on which the sum became payable, the Secretary of State may, on the application of the tenant and after giving not less than 14 days' notice of his intention so to do to the landlord, create, where the landlord is the owner of the . . . holding, a charge on the holding, or where the landlord is the lessee of the holding under a lease recorded [or registered] under the Registration of Leases (Scotland) Act 1857 a charge on the lease for the payment of the sum due.

(2)     For the purpose of creating a charge of a kind referred to in subsection

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