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The Land and Conveyancing Law Reform Act 2009 comprehensively reformed the law of conveyancing, mortgages, registration of and claims to title, rights of way and easements in the Ireland. Some little-used interests relating to feudal tenure, life interests, leases for lives and fee tails were formally abolished. [37] [38]
In Irish and Northern Irish law, a fee farm grant is a hybrid type of land ownership typical in cities and towns. The word fee is derived from fief or fiefdom, meaning a feudal landholding, and a fee farm grant is similar to a fee simple in the sense that it gives the grantee the right to hold a freehold estate, the only difference being the payment of an annual rent ("farm" being an archaic ...
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In law, conveyancing is the transfer of legal title of real property from one person to another, or the granting of an encumbrance such as a mortgage or a lien. [1] A typical conveyancing transaction has two major phases: the exchange of contracts (when equitable interests are created) and completion (also called settlement, when legal title passes and equitable rights merge with the legal title).
Following a 2005 report by the Law Reform Commission, the system of feudal tenure as such, in so far as it had survived, was abolished by the Oireachtas in the Land and Conveyancing Law Reform Act (no. 27 of 2009); fee tail was also abolished. [3] However, estates and interests in land, including incorporeal hereditaments, continue.
An Act for simplifying and improving the practice of Conveyancing; and for vesting in Trustees, Mortgagees, and others various powers commonly conferred by provisions inserted in Settlements, Mortgages, Wills, and other Instruments; and for amending in various particulars the Law of Property; and for other purposes.
The Act: Simplified and modernised the law of land registration; Made the register reflect a more accurate picture of a title to land, showing more fully the rights and subsidiary interests that affect it; and; Was intended to facilitate the introduction of e-conveyancing. The Act made some major changes to the law regulating registered land.
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