(1) All interests in land created by parol and not put in writing and signed
by the person so creating the same, or by the person's agent thereunto
lawfully authorised in writing, shall have, notwithstanding any consideration
having been given for the same, the force and effect of interests at will
only.
(2) Nothing in this section or in sections 23B or 23C shall affect the
creation by parol of a lease at the best rent which can reasonably be obtained
without taking a fine taking effect in possession for a term not exceeding
three years, with or without a right for the lessee to extend the term at the
best rent which can reasonably be obtained without taking a fine for any
period which with the term would not exceed three years.
