A strict settlement is a settlement of land falling under the Settled Land Act 1925 (SLA 1925). Some strict settlements are in an elaborate form that was evolved by lawyers over hundreds of years as a convenient way of holding a family’s landed estate. Other strict settlements are in a much simpler form.
What is the purpose of strict settlement?
Generally the purpose of a strict settlement is to create successive interests that will keep the land in the settlor's family.
What is a strict settlement under SLA 1925?
A strict settlement is a settlement of land falling under the Settled Land Act 1925 (SLA 1925). Some strict settlements are in an elaborate form that was evolved by lawyers over hundreds of years as a convenient way of holding a family’s landed estate.
What was the usual form of marriage settlement?
The usual form of marriage settlement gave a life interest to the husband with remainder (after provisions for the wife during widowhood and for younger children of the marriage) to the first and other sons in tail, a further remainder to any daughters as tenants in common in tail, and a final remainder to the husband in fee simple.
What is a strict settlement?
A strict settlement is a settlement of land falling under the Settled Land Act 1925 (SLA 1925).
The effect of TOLATA 1996
This legislation introduced a new form of trust of land, the trust of land. Existing trusts for sale were converted into trusts of land. No further strict settlements may be created after the coming into force of TOLATA 1996 (1 January 1997).
strict settlement
Hist. A property settlement that aimed to keep the estate within the family by creating successive interests in tail and shielding remainders from destruction by the interposition of a trust. Cf. trader’s settlement.
Relevant Terms
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