(1)A proper liferent over land is created—
(a)in a case where the right is registrable under section 2 of the Land Registration (Scotland) Act 1979 (c. 33)—
(i)(unless the deed granting or reserving the right makes provision for some later date) on registration; or
(ii)(where provision is made for such a date and the right has been registered) on that date; or
(b)in any other case—
(i)(unless the deed granting or reserving the right makes provision for some later date) on recording of the deed in the Register of Sasines; or
(ii)(where provision is made for such a date and such deed has been so recorded) on that date.
(2)This section is without prejudice to any other enactment, or rule of law, by or under which a proper liferent over land may be created.
(3)In subsection (1)(a) above, “registrable” and “registration” have the meanings respectively assigned to those expressions by section 1(3) of the Land Registration (Scotland) Act 1979 (c. 33).
(4)The references, in subsection (1)(b) above, to a deed being recorded include references to a notice of title deducing title through a deed being recorded.
A possessor of title deeds or searches which relate to any land shall make them available to a person who has (or is entitled to acquire) a real right in the land, on all necessary occasions when the person so requests, at the person’s expense.
(1)Notwithstanding any provision to the contrary in any lease, no lease of land executed on or after the coming into force of this section (in this section referred to as the “commencement date”) may continue for a period of more than 175 years; and any such lease which is still subsisting at the end of that period shall, by virtue of this subsection, be terminated forthwith.
(2)If a lease of land so executed includes provision (however expressed) requiring the landlord or the tenant to renew the lease then the duration of any such renewed lease shall be added to the duration of the original lease for the purposes of reckoning the period mentioned in subsection (1) above.
(3)Nothing in subsection (1) above shall prevent—
(a)any lease being continued by tacit relocation; or
(b)the duration of any lease being extended by, under or by virtue of any enactment.
(4)Subsections (1) and (2) above do not apply—
(a)to a lease executed on or after the commencement date in implement of an obligation entered into before that date;
(b)to a lease executed after the commencement date in implement of an obligation contained in a lease such as is mentioned in paragraph (a) above; or
(c)where—
(i)a lease for a period of more than 175 years has been executed before the commencement date; or
(ii)a lease such as is mentioned in paragraph (a) or (b) above is executed on or after that date,
to a sub-lease executed on or after that date of the whole, or part, of the land subject to the lease in question.
(5)For the purposes of this section “lease” includes sub-lease.
After section 26 of the Titles to Land Consolidation (Scotland) Act 1868 (c. 101) there shall be inserted—
On an application being made by any person having an interest, the Sheriff of Chancery may, if satisfied that—
(a)such deceased person as may be specified in the application died before 10th September 1964 and that person either—
(i)was domiciled in Scotland at the date of his death; or
(ii)was the owner of lands situated in Scotland to which the application relates; and
(b)the applicant, or as the case may be such person as may be specified in the application, has succeeded as heir to that deceased, and is either—
(i)heir in general; or
(ii)heir to such lands as may be specified in the application,
grant declarator that the applicant, or as the case may be such person as may be specified in the declarator, is the heir in general or heir to the lands so specified.
On an application being made under this section, the Sheriff of Chancery may, if satisfied that—
(a)such deceased person as may be specified in the application was the last surviving trustee named in, or assumed under, a trust;
(b)the trust provides for the heir of such last surviving trustee to be a trustee;
(c)either—
(i)the trust is governed by the law of Scotland; or
(ii)lands subject to the trust and to which the application relates are situated in Scotland; and
(d)the applicant has succeeded as heir to the deceased,
grant declarator that the applicant is the heir of the deceased and accordingly is a trustee under the trust.
A reference in any enactment or deed to a decree of service of heir (however expressed) shall include a reference to a declarator granted under section 26A or 26B of this Act.”.
(1)Sections 14 to 30 of the Conveyancing and Feudal Reform (Scotland) Act 1970 (c. 35) (which provisions relate to the assignation, variation, discharge and calling-up etc. of standard securities) shall apply (with the substitution of the word “heritable” for “standard” and subject to such other modifications as may be necessary) as respects any heritable security granted before 29th November 1970 as those provisions apply as respects a standard security.
(2)For the purposes of the said sections 14 to 30 (as modified by, or by virtue of, subsection (1) above), “heritable security” shall, with the modification mentioned in subsection (3) below, include a pecuniary real burden but shall not include a security constituted by ex facie absolute disposition.
(3)The modification is that the reference to the date in subsection (1) above shall be disregarded.
A firm may, if it has a legal personality distinct from the persons who compose it, itself own land.