PART IExtinguishment of tithe rentcharge, compensation of owners thereof and liabilities of landowners.
Annuities.
11Compulsory redemption of certain annuities.
(1)
Where—
(a)
an annuity of one pound or less, or two or more annuities amounting in the aggregate to one pound or less, is or are charged in respect of land in any district or of land in that district and of adjacent land in another district, being land which is in the ownership of a single owner who does not own in the same capacity any other land in respect of which an annuity is charged situate in that district or adjacent to the land in respect of which that annuity, or any of those annuities, is charged;
(b)
an annuity is charged in respect of land the whole of which is divided for building or other purposes into numerous plots; or
(c)
the Commission are satisfied that the whole of the land in respect of which an annuity is charged is about to be divided as aforesaid;
the annuity or annuities shall be redeemable compulsorily.
(2)
Where a part of land in respect of which an annuity is charged is land divided or about to be divided for building or other purposes into numerous plots, the annuity shall be apportioned and the provisions of subsections (1) and (2) of the last foregoing section shall have effect as if the part so divided or about to be so divided and the residue of the land had been in different ownership.