A change in the law taking effect on 13 October this year could result in landowners and lords of the manor losing valuable rights.
Manorial rights include sporting rights, the right to mines and minerals and the right to hold a fair or market. These rights can potentially be very valuable, especially those relating to mines and minerals. While these rights will continue to exist after 13 October 2013, anyone who purchases land after this date will buy the land free of these rights unless they have been protected by registration.
In particular, trustees need to consider whether they should act to protect manorial rights, as a failure to do so may result in beneficiaries making a claim for breach of duty in the future.