Also known as: admortizations · admortize · admortized · admortizing · amortization · amortisation · mortmain alienation
Written by attorneys · grounded in primary & secondary sources — see below
The historical reduction of lands or tenements to mortmain through conveyance into perpetual corporate or ecclesiastical ownership.
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Lord Edgar conveyed the family manor to the local abbey in 1285. The conveyance placed the estate under perpetual ecclesiastical ownership. The transaction effected admortization of the lands, removing them from lay inheritance.
Baroness Matilda granted her tenements to the priory of St. Giles. The grant transferred the holdings into perpetual corporate ownership. The conveyance completed the admortization of the estate.
Sir Richard transferred Blackacre to the chapter of Wells Cathedral. The chapter held the land in mortmain thereafter. The transfer constituted admortization under the medieval statutes.
The widow Agnes conveyed her holdings to the hospital of St. Leonard. The hospital received the lands in perpetual ownership. The conveyance produced admortization of the tenements.
Henry de Bohun granted meadowland to the priory at Worcester. The priory thereafter owned the land without possibility of reversion. The grant effected admortization of the property.
The knight Geoffrey enfeoffed the college of scholars with his estate. The college held the lands in perpetual corporate ownership. The enfeoffment accomplished admortization of the tenements.
It refers to the reduction of lands or tenements to mortmain by placing them under perpetual ownership by a corporation or similar entity.
…to be “the basis determined under subsection (a), adjusted ... [(1) (B)] ... for exhaustion, wear and tear, obsolescence, amortization ... to the extent allowed (but not less than the amount allowable) . . . .” The basis under subsection (a) “if the property was acquired by . . . devise ... or by the decedent’s estate from…