Section 121 notice

[Rhiannon]

Anyone know what this is in relation (I think) to property? I've tried a google but can't make much sense of it.

[Nearly Sane]

Anyone know what this is in relation (I think) to property? I've tried a google but can't make much sense of it.

Could it be a Section 21 notice? I.e. an order to evict?

[Rhiannon]

Thanks, NS. No, it's a 121  which is something to do with the transfer of ownership.

[Nearly Sane]

Never heard of one of those

[Rhiannon]

I've had another look and it seems to apply to property held by charities, which kind of makes sense.

[torridon]

Anyone know what this is in relation (I think) to property? I've tried a google but can't make much sense of it.

There is a section 121 under the 1925 Property Act which makes provision for recovery of income due from land charges :

121 Remedies for the recovery of annual sums charged on land.

(1)Where a person is entitled to receive out of any land, or out of the income of any land, any annual sum, payable half-yearly or otherwise, whether charged on the land or on the income of the land, and whether by way of rentcharge or otherwise not being rent incident to a reversion, then, subject and without prejudice to all estates, interests, and rights having priority to the annual sum, the person entitled to receive the annual sum shall have such remedies for recovering and compelling payment thereof as are described in this section, as far as those remedies might have been conferred by the instrument under which the annual sum arises, but not further

http://www.legislation.gov.uk/ukpga/Geo5/15-16/20/section/121