RENEWABLE LEASEHOLD CONVERSION ACT 1849 - SECT 37 Future leases in perpetuity to operate as conveyances at fee-farm rents;

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RENEWABLE LEASEHOLD CONVERSION ACT 1849 - SECT 37

Future leases in perpetuity to operate as conveyances at fee-farm rents;

37. Every lease of lands in Ireland for one or more life or lives, with or
without a term of years, or for years determinable upon one or more life or
lives, or for years absolute, with a covenant or agreement for perpetual
renewal, made after the passing of this Act by any person competent to convey
an estate of inheritance in fee simple, (and not so made in pursuance of a
covenant or agreement entered into before the passing of this Act,) shall,
notwithstanding anything therein contained to the contrary, be deemed to be
and shall operate as a conveyance of the lands specified therein to the
intended lessee, his heirs and assigns for ever, at a fee-farm rent equal to
the rent expressed to be reserved in such lease; and all reservation of fine
or fines upon or fees for or in respect of such renewal, and all and every
covenant, contract, or agreement for the payment of such fine or fees, shall
be altogether void; and every contract for such a lease entered into after the
passing of this Act by any such person as aforesaid (not being a renewal of a
contract in pursuance of an agreement in that behalf made before the passing
of this Act) shall, notwithstanding anything therein contained to the
contrary, be deemed to be a contract for a conveyance of the lands specified
therein to the intended lessee, his heirs and assigns, at a fee-farm rent
equal to the rent in such contract proposed to be reserved; and any such
fee-farm rent shall be recoverable by all the means and remedies provided for
the recovery of fee-farm rents made payable by a grant under this Act, and the
provisions of this Act, so far as the same may be applicable, shall be applied
to such cases.

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Northern Irish Legislation

RENEWABLE LEASEHOLD CONVERSION ACT 1849 - SECT 37