The Working of the Bright Clauses of the Irish Land ACT, 1870; Enabling Occupiers to Purchase Their Holdings

The Working of the Bright Clauses of the Irish Land ACT, 1870; Enabling Occupiers to Purchase Their Holdings

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1879 edition. Excerpt: ... average cost to the tenant was 11 per cent. on the purchasemoney, and in-those cases where the purchase-money was under l5() the costs amounted to over 18 per cent" equal to four years' additional purchase of the rental. " (7) The cost both to vendors.and purchasers has been greatly increased by the necessity of determining the easements and rights-of--way affeoting the property, and defining them in the deed of transfer. This involved a fresh reference to the Ordnance Department for survey of the property, and has been the cause of delay and expense. Part 2 of the Act directs the sale of land to tenants to be subject to existing rights-of-way and easements, but clause 46 not being in this part of the Act, has been subject to the usual practice of the Court. It is admitted (by all the witnesses that much delay, trouble, and expense, would be-saved to tenant purchasers by amending the Act in this respect., " (8) The working of the Act has been further limited by the constrllction given to the 4: '/'th clause, which enables the Treasury, -where four-fifth! of.the tenantsof a property agree to purchase their holdings, to advance one-half of the purchase-money of the remainder, upon the same terms to any other purchaser not a-tenant. This has been held to apply to the whole of the property only, and not to a lot containing several holdings sold in. the Landed Estates Court., " (9) The clauses prohibiting the alienation. or charging of properties sold to tenants and mortgaged to the Board of Works, have also limited the purchases by tenants. Tenant purchasers have been unable to give security upon their holdings for any sums which they might be able to borrow from other sources, so as to-make up the...show more

Product details

  • Paperback | 28 pages
  • 189 x 246 x 2mm | 68g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236753038
  • 9781236753038