Settled Land - Law Dictionary Search Results
Waste
to confer such right shall expressly appear by the instrument creating such estate. And see s. 89, (English) Settled Land Act, 1925, which enables a tenant for life to effect authorized improvements without impeachment of waste by remaindermen,
Vesting Order
the Law of Property Act, 1925, see s. 9 and passim; Trustee Act, 1925, ss. 44 et seq.; Settled Land Act, 1925, ss. 12 and 16; Administration of Estates act, 1925, ss. 38 and 43. As to Vesting
Vested remainder
remainder can now only take effect as equitable interests: see Law of Property Act, 1925, s. 1; and Settled Land Act, 1925, s. 1.
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Universities and College Estates Act, 1858, 1860 and 1898
& 24 Vict. c. 59; 61 & 62 Vict. c. 55), the last of which Acts applied the Settled Land Acts, with modifications, to the sale and letting of the estates of the Univer-sities of Oxford and Cambridge
Term in gross
term which would have been attendant on the inheritance if it had been assigned by a purchaser of settled land to a trustee for himself, and while outstanding and not merged it was kept in existence upon an
Tail after possibility of issue extinct, Tenant in
upon the tenant's default. (5) The tenant has the powers of a tenant for life under the (English) Settled Land Act, 1925; see s. 20(i).
Simple trust
the cestui que trust directs. See BARE TRUSTEE and Law of Property Act, 1925, s. 3 (3), and Settled Land Act, 1925, s. 7 (5), enabling a person entitled to a legal estate to have it conveyed to
Limited owner
to equitable interests after 1925 by the (English) Law of Property Act, 1925, ss. 1 and 4. See SETTLED LAND. Limited owner commonly means a person with restricted rights as opposed to full owner with absolute rights. In
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