The Vendors and Purchasers Act (1888)
This law is about buying and selling land, making the process simpler and fairer for everyone involved.
Shorter History Needed:
When someone buys land, they don’t need to check as far back as 60 years to see who owned it. Now, they only need to look back 40 years to prove ownership.
Rules for Selling and Buying Land:
No Freehold Demand: If someone is buying a lease (a set time to live or use the property), they can’t ask to see the full ownership records, only the lease.
Old Records Are Trustworthy: Any facts in documents that are 20 years old can be accepted as true, unless someone proves them wrong.
Document Copies: If the seller can’t give the buyer copies of all property documents, it’s okay as long as the buyer can still look at them when they need to after buying.
Trustees Buying or Selling:
A trustee (someone managing property for others) can buy or sell property without following extra rules.
What Happens When a Trustee Dies:
If a trustee passes away…
