Very old electricity wayleave

jsh99

Hi

Has anyone re negotiated a very old electricity wayleave?  

It was my mother's house and she passed last October and it is now my brothers.  As I have LPA I need to do my best for him and the payment is very low (<£20 a year).

I have a copy of the agreement and it was signed in 1955.  There seems to be no end date or any clause for re negotiations. 

It says ' I/WE the undersigned (hereinafter called "the Grantor") being Owner(s) and Occupier(s) of the premises described in the First Schedule hereto (hereinafter called "the said premises") for myself/ourselves and all or any other person or persons owners for the time being of the said premises HEREBY CONSENT AND AGREE to the placing laying erecting and also to the maintaining repairing and replacing by the SOUTH EASTERN ELECTRICITY BOARD (hereinafter called "the Board") of the works described in the Second Schedule hereto across the said premises and also to the entry by the Board from time to time upon the said premises by their servants agents contractors and work people for the purposes of inspecting maintaining repairing and replacing or removing the works or any of them SUBJECT NEVERTHELESS to the terms conditions and stipulations specified in the Third Schedule hereto and to payment by the Board on the Slst. day of December in each year of a sum calculated in accordance with the Fourth Schedule hereto. '

thanks.

QrizB

And what does the Fourth Schedule say?

jsh99

QrizB said:

And what does the Fourth Schedule say?

The FOURTH SCHEDULE hereinbefore referred to. For each pole-leg strut or stay situate in orchard or hop garden.. 6/- per annum, *For each pole-leg strut or stay situate in arable land.... 4/- per annum. For each pole-leg strut or stay situate in mowing grass or pasture 2/- per annum For each pole-leg strut or stay situate in any other class of land.. 1/- per annum. For any length of overhead electric line if no pole-leg strut or stay on the said premises 1/- per annum For each 100 yards or part thereof route length of underground electric line ..1/-per annum.

QrizB

So there's no mention of revaluation? I suspect, then, that you're stuck with it as it stands.

You could however try asking for your threadto be moved over to the "property" section of the forum where all the land ownership types hang out. They might know if there's a universal law or regulation that will apply here.

jsh99

QrizB said:

So there's no mention of revaluation? I suspect, then, that you're stuck with it as it stands.

You could however try asking for your threadto be moved over to the "property" section of the forum where all the land ownership types hang out. They might know if there's a universal law or regulation that will apply here.

Thanks - seems a long time 70 years with no review.  Ah well never mind Grandfather should have read it better and had a review period put in!!

Herzlos

I'm surprised it wasn't revised when Britain decimalized in 1971. What's 1/- worth now?
How did they come to the current figure?

QrizB

Herzlos said:

I'm surprised it wasn't revised when Britain decimalized in 1971. What's 1/- worth now?
How did they come to the current figure?

A shilling is 5p.  Always has been.

Longer explanation: pre-decimalisation, a pound was 20 shillings each of 12 pence (240d to the £).

When we decimalised, the value of the pound was unchanged and the shilling was now 1/20th of 100p, so 5 pence. Shilling coins remained in circulation alongside new 5p pieces which were identical in size and weight and so worked in vending machines etc.

Florins - 2 shilling coins - likewise remained in use alongside 10p pieces.

Pennies and half-pennies were all withdrawn and replaced with new ones.

The shillings and florins finally vanished in 1992 when new, smaller (and cheaper to manufacture) 5p and 10p coins were introduced. We're still using these ones today.

Ditzy_Mitzy

Herzlos said:

I'm surprised it wasn't revised when Britain decimalized in 1971. What's 1/- worth now?
How did they come to the current figure?

I dealt with a small number of pre-decimal ground rents and the like when I was in commercial property management.  We just did a basic conversion, i.e. a shilling being worth 1/20 of a pound - 5 pence in new money, and proceeded on that basis.  Things like 1/2 d - half a new penny, today - weren't bothered with as the amounts were considered too trivial.