Purchase of Land (Ireland) (No. 2) Act, 1901

Provision where tenant is a tenant purchaser under the Purchase Acts.

2.(1.) Where a tenant to whom an advance is made in pursuance of this Act is the proprietor of a holding charged with an annuity under the Land Purchase Acts, an account shall be taken of the amount outstanding in respect of the original advance, and the original holding and any additional parcel of land purchased under this Act shall be deemed one holding and shall be charged with a new annuity for the repayment of such outstanding amount together with the amount of the advance made in respect of such additional parcel and shall be discharged from the annuity payable in respect of the original advance.

(2.) An annuity payable in pursuance of this section shall continue for such term of years as the Land Commission, on the application of the purchaser, may determine.