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Conveyancing (Scotland) Act 1874
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- UK Public General Acts
- 1874 c. 94
- Section 17
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17Option to superior of payment of an annual sum
It shall be lawful for the superior to elect that the redemption money above provided shall be converted into an annual sum, equal to four per cent. 'upon the capital; and in that case, a memorandum, in the form set forth in Schedule G. hereto annexed, or in a similar form, of the amount of such annual sum, shall be signed by the parties or their respective agents and recorded in the appropriate register of sasines, at the expense of the party redeeming, whereupon such annual sum shall be deemed to be feu-duty with all the legal qualities thereof, and shall form an addition to any existing feu-duty, and the superior's right to all casualties shall be held to be discharged.
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