Settled Land Statutes: Comprising the Settled Land Act, 1882, the Improvement of Land Act, 1864 Settled Estates Act, Estates Together with Conveyancing Precedents of Settlements, of and Other Instruments, Relating to Settled Land (Classic Reprint)

Excerpt from Settled Land Statutes: Comprising the Settled Land Act, 1882, the Improvement of Land Act, 1864 Settled Estates Act, Estates Together With Conveyancing Precedents of Settlements, of and Other Instruments, Relating to Settled Land

It has hitherto been not unusual for settlements of real estate to contain powers of leasing exerciseable by the tenant for life, either W1th' or Without the consent of the trustees of the settlement; but powers of sale and. Exchange have, according to the general practice of conveyancers, beeri vested in the trustees. By the Settled Land Act, 1882, powers of dealing with all or any part of the settled land (except the principal mansion-house and park) by way of sale, exchange, partition, &c. Are given to the tenant for life, Without any necessity. For obtaining the cc-operation or consent of the trustees; these powers, fas also powers of. Leasing fand managing the property, thus become as inalienable and necessary incidents of an estate for life as they hitherto have been of an estate in fee simple.

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