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LANDS CLAUSES CONSOLIDATION ACTS AMENDMENT ACT 1860 - SECT 4

Amount of rentcharge to be settled in manner directed in 1845 c.18 s.9.

4. In every case of such sale or compensation by any parties other than
parties seised in fee or entitled to dispose absolutely of the lands so sold
or damaged, the amount of such rentcharge, ... herein-before mentioned, shall
be settled in the manner directed in the ninth section of ... the said Act
...: Provided, that the amount of such annual rentcharge, ..., shall in no
case be less than one-fourth part greater than the net annual rent received by
the parties beneficially interested in such lands, upon an average of the last
seven years; and that a charge of five per cent. on the gross sum estimated or
fixed as aforesaid by way of compensation for any damage that may be done to
the said lands shall in all such cases be added to and shall form a part of
the said rentcharge, ...; and that no fine, foregift, ... premium, or other
consideration in the nature thereof, shall be paid, or taken in respect of the
lands so sold or damaged, other than the annual rentcharge, ..., made payable
for such lands: Provided also, that such rentcharge shall be and remain upon
and for the same uses, trusts, and purposes as those upon which the rents and
profits of the land so conveyed stood settled or assured at or immediately
before the conveyance thereof, and shall be a first charge on the tolls and
rates, if any, payable under the special Act.

© 1860 Crown Copyright

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