Land Act 2005

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Discharge of land purchase annuities.

2.—(1) Land which is subject to a land purchase annuity in respect of which annuity the sum payable per annum is not more than €200 on 13 July 2004 shall stand discharged from the annuity (including arrears of annuity payments outstanding) with effect from the day this section comes into operation.

(2) The Registrar shall, upon application by the registered owner or such other person as appears to the Registrar to have a good and sufficient interest in the land concerned, make an entry in the register to that effect.