The Law of Usages and Customs

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Excerpt from The Law of Usages and Customs: A Practical Law TractThat according to the practice of this right no person can get into the occupation of a farm without paying the previous occupier the price of his right of occupation or good-will, whether the land be held by lease or at will. That on the ejectment of any occupying tenant he reserves the full selling value of his tenant-right, less by any arrears due to the landlord. That the same custom, un recognized as it is by law, prevents the lord who has bought the tenant-right, or otherwise got into possession of a farm, from setting it at such an increase of rent as to displace tenantfright. Thus, middle men are almost un known, and the effect of competition for land is principally to increase the value of the tenant-right, not the amount of the rent. That tenant-right exists even in nu improved land, and that five years' purchase is an ordinary payment for the tenant-right of such land, while fifteen or twenty years' purchase is often given for the tenant-right of highly improved farms.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.