SETTLED LAND ACT 1882

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SETTLED LAND ACT 1882 - SECT 20



20.(1) On a sale, exchange, partition, lease, mortgage, or charge, the tenant
for life may, as regards lands sold, given in exchange or on partition,
leased, mortgaged, or charged, or intended so to be, including ... leasehold
land vested in trustees, or as regards easements or other rights or privileges
sold or leased, or intended so to be, convey or create the same by deed, for
the estate or interest the subject of the settlement, or for any less estate
or interest, to the uses and in the manner requisite for giving effect to the
sale, exchange, partition, lease, mortgage, or charge.

(2) Such a deed, to the extent and in the manner to and in which it is
expressed or intended to operate and can operate under this Act, is effectual
to pass the land conveyed, or the easements, rights, or privileges created,
discharged from all the limitations, powers, and provisions of the settlement,
and from all estates, interests, and charges subsisting or to arise
thereunder, but subject to and with the exception of

(i)All estates, interests, and charges having priority to the settlement; and

(ii)All such other, if any, estates, interests, and charges as have been
conveyed or created for securing money actually raised at the date of the
deed; and

(iii)All leases and grants at fee-farm rents or otherwise, and all grants of
easements, rights of common, or other rights or privileges granted or made for
value in money or money's worth, or agreed so to be, before the date of the
deed, by the tenant for life, or by any of his predecessors in title, or by
any trustees for him or them, under the settlement, or under any statutory
power, or being otherwise binding on the successors in title of the tenant for
life.

Subs.(3) rep. by SLR 1973

Capital money under Act; investment, &c. by trustees or Court.

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Northern Irish Legislation

SETTLED LAND ACT 1882 - SECT 20