3 Regulations respecting sales
Universities and College Estates Act 1925 (1925 c 24) | Legislation

3  Regulations respecting sales

(1)     Save as herein-after 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, when

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