Land Purchase Annuity

MaLiYa

Anybody know what “The property is subject to a Land Purchase Annuity“ means? Came accross it on a Land Registry Property Folio which I downloaded off Landdirect.ie

Also any idea what “The Registration does not extend to the mines and minerals” means? Thats also on one of the pages.

Dig all

MaLiYa wrote: »

Anybody know what “The property is subject to a Land Purchase Annuity“ means? Came accross it on a Land Registry Property Folio which I downloaded off Landdirect.ie

Also any idea what “The Registration does not extend to the mines and minerals” means? Thats also on one of the pages.

That is old literature on the deeds, most likely land commission it was purchased from one time, an annual payment was made , does it mention land commission on the folio?

The registration does not extend to mines or minerals means any minerals in the ground is owned by the government.

MaLiYa

Here’s what it says over the 4 pages:

Page 1of4

Land Registry

County X Folio xxxxF

Register of Ownership of Freehold Land
Part 1(A) - The Property
For parts transferred see Part 1(B)

A plot of ground being part of the Townland of xxxx containing x hectares shown as Plan(s) xxxx edged RED on the Registry Map (OS MAP Ref(s) xxxx-A).
The registration does not extend to the mines and minerals.

Page 2of4

Part 1(B) - Property
Parts Transferred

No. Prop No. Instrument. Date. Area (Hectares). Plan. Folio No.

Page 3of4

Part 2 - Ownership
Title - ABSOLUTE
The devolution of the property is subject to the provisions of part two of the succession act, 1965

Date. Joe Bloggs (rocket scientist) of xxxx County xxxx and Jane Bloggs of xxxx county xxxx are full owners.
Land cert application No.: xxxx
Date: 01/Oct/2000
Issued to: Name of solicitor
Address: Address of solicitor

Page 4of4

Part 3 - Burdens and Notices of Burdens

The property is subject to the provisions prohibiting letting, subletting or subdivision specified in section 12 of the land act 1965 and to the provisions restricting the vesting of interests specified in section 45 of the said act insofar as the said provisions effect same
Cancelled. Xxxxxxxxx. Date
The property is subject to a land purchase annuity.

mickdw

All standard stuff apart from the annuity. The mines and minerals remain the property of the government.
The annuity was an old loan from land commission. A lot are written off at this stage but I believe a few are still live but would be tiny money.
I'm not a solicitor but I believe it is a vendors responsibility to get that cleared up if selling a property.