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PURCHASE OF LAND (IRELAND) AMENDMENT ACT 1888
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CHAPTER XLIX.
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An Act further to facilitate the Purchase of Land in Ireland by increasing the amount applicable for that purpose by the Land Commission. [24th December 1888.]
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Advances by Irish Land Commission.
50 & 51 Vict. c. 16.
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1. [Amendment of 48 & 49 Vict. c. 73, and reference to the Acts amending the same. Rep. 59 & 60 Vict. c. 47, s. 52.] The money required for the purpose of advances under the said Acts as amended by this Act shall be advanced out of the Local Loans Fund, in accordance with the National Debt and Local Loans Act, 1887.
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Limitation of advances. 48 & 49 Vict. c. 73.
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2. No advance shall be sanctioned by the Land Commission to any one purchaser of land under the Purchase of Land (Ireland) Act, 1885, or the Acts amending the same, exceeding the sum of three thousand pounds, unless in the opinion of the Land Commission the advance of such larger amount (not exceeding five thousand pounds), is expedient for the purpose of carrying out sales on the estate of the same landlord.[1]
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Relation of landlord and tenant determined by approval of advance.
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3.[2]
The approval of the Commissioners to the sanction of any advance shall be signified by an order as of date on which such approval was made, and from and after such date the vendee, in the event of the sale being carried out, shall be discharged from all liability to the vendor in respect of any liabilities affecting the holding, including all rent and arrears existing at the date of the agreement for sale between the landlord and tenant. Provided that, notwithstanding anything in this section expressed, the vendor shall be entitled to recover from the vendee interest in lieu of rent for the period which may elapse between the date of signing the agreement for sale and the date of the completion of the sale by the Land Commission, unless the parties shall have otherwise agreed.
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Sub-letting.
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4. Where the Land Commissioners shall sanction an advance for the purchase of a holding which is agreed to be sold subject to a sub-tenancy or sub-letting of any kind, they may prescribe such terms as to rent and otherwise with regard to the part sub-let as they think fit.
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[S. 5 rep. 54 & 55 Vict. c. 48, s. 43. S. 6 rep. 59 & 60 Vict. c. 47, s. 52.]
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Short title.
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7. This Act may be cited for all purposes as the Purchase of Land (Ireland) Amendment Act, 1888.
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[1 But see 59 & 60 Vict. c. 47, s. 30, as to advances to a purchaser as a trustee or as personal representative of a deceased person. See also 3 Edw. 7. c. 37, ss. 1(4), 2 (2), 52.]
[2 This section is rep. by 59 & 60 Vict. c. 47, s. 52, save as regards agreements for purchase made before the passing of that Act.] |
