Lovells and Farrer wrap up Prince Charles's lordship

Lovells and Farrer & Co have completed on the Prince of Wales’s purchase of a lordship of the manor in Herefordshire for £5,500.
The title to the Lordship of the Manor of Aconbury was the largest among eight offered at auction by Prudential, advised by Lovells legal executive Ron Green.
The auction followed the Prince’s acquisition of Prudential’s rural portfolio last year for £50m, when he was advised by Farrer’s head of estates and private property James Furber. Furber was appointed solicitor to the Duchy of Cornwall in 1994.
At the time of the portfolio acquisition, the lordships relating to eight parishes on the land were retained by Prudential.
Such titles are usually acquired for the novelty value of holders being able to call themselves Lord of the Manor. But the titles still carry a number of historic rights with them, most notably ownership rights to so-called manorial waste land or common land. This right to manorial waste comes into play in the absence of any other absolute owner of the land.
In August it emerged that a Welsh businessman was using acquired titles to charge residents in the Peak District £1.50 an acre to lease back the right to cross his manorial waste.
It is possible that the prince could also find himself at the mercy of lords of the manor with titles to other parishes on his land following the Prudential auction. The other lordships were conveyed elsewhere.
Farrer was unable to comment on the auction.