Section 23Part 4 — Sales, Leases and other Dispositions
Completion of sale, lease, etc., by conveyance
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On a sale, exchange, partition, lease, mortgage or charge, the tenant for life may, as regards land sold, given in exchange or on partition, leased, mortgaged or charged, or intended so to be, including leasehold land vested in trustees, or as regards easements or other rights or privileges sold or leased, or intended so to be, convey or create the same by deed, for the estate or interest the subject of the settlement or for any less estate or interest to the uses and in the manner requisite for giving effect to the sale, exchange, partition, lease, mortgage or charge.
Such a deed, to the extent and in the manner to and in which it is expressed or intended to operate and can operate under this Law, is effectual to pass the land conveyed, or the easements, rights or privileges created, discharged from all the limitations, powers and provisions of the settlement, and from all estates, interests and charges subsisting or to arise thereunder, but subject to and with the exception of —
all estates, interest and charges having priority to the settlement;
all such other, if any, estates, interests and charges as have been conveyed or created for securing money actually raised at the date of the deed; and
all leases and grants at fee-farm rents or otherwise, and all grants of easements, rights of common or other rights or privileges granted or made for value in money or money's worth, or agreed so to be, before the date of the deed, by the tenant for life, by any of his predecessors in title or by any trustees for him or them, under the settlement, or under any statutory power, or being otherwise binding on the successor's in title of the tenant for life.
Conveyances executed under this Law shall be recorded in the Record Office within six months of their execution.