Land Act, 1939

• Permanent Page URL

Advances on resale of houses in towns or villages.

61.—(1) On the resale of a holding consisting of a house (whether with or without a garden or similar plot of ground attached thereto) in a town or village, the Land Commission may make an advance under the Land Purchase Acts to the purchaser of such holding on such resale notwithstanding that such purchaser is not in occupation of such holding or is in occupation of part only thereof.

(2) An advance made under this section shall be repayable by the like purchase annuity as would be applicable to such advance if the purchaser to whom it was made were in occupation of the holding.