39 Regulations respecting sales
Settled Land Act 1925 (1925 c 18) | Legislation

39  Regulations respecting sales

(1)     Save as hereinafter provided every sale shall be made for the best consideration in money that can reasonably be obtained.

(2)     A sale may be made in consideration wholly or partially of a perpetual rent, or a terminable rent consisting of principal and interest combined, payable yearly or half yearly to be secured upon the land sold, or the land to which the easement, right or privilege sold is to be annexed in enjoyment or an adequate part thereof.

In the case of a terminable rent, the conveyance shall distinguish the part attributable to principal and that attributable to interest, and the part attributable to principal shall be capital money arising under this Act:

Provided that, unless the part of the terminable rent attributable to interest varies according to the amount of the principal repaid, the trustees

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