Leases for three years and upwards to be encumbrances

(1) A lease for three years and upwards is an encumbrance within the meaning of this Act. (2) No lessee or purchaser of land shall be deemed an encumbrancee for the purpose of suing forth or prosecuting any sale of the land, in the manner provided in this Act for encumbrancees other than lessees or purchasers of land, for any breach of the conditions of his lease or contract of sale, but he shall be entitled to pursue his ordinary legal remedies. 71