Law of Property Act 1925

39 Transitional provisions in First Schedule.

For the purpose of effecting the transition from the law existing prior to the commencement of the [12 & 13 Geo. 5. c. 16.] Law of Property Act, 1922, to the law enacted by that Act (as amended), the provisions set out in the First Schedule to this Act shall have effect—

(1) for converting existing legal" estates, interests and charges not capable under the said Act of taking effect as legal interests into equitable interests ;

(2) for discharging, getting in or vesting outstanding legal estates;

(3) for making provision with respect to legal estates vested in infants;

(4) for subjecting land held in undivided shares to trusts for sale;

(5) for dealing with party structures and open spaces held in common;

(6) for converting tenancies by entireties into joint tenancies;

(7) for converting existing freehold mortgages into mortgages by demise;

(8) for converting existing leasehold mortgages into mortgages by sub-demise.