Laird

Laird () is the owner of a large, long-established Scottish estate. In the traditional Scottish order of precedence, a laird ranked below a baron and above a gentleman. This rank was held only by those lairds holding official recognition in a territorial designation by the Lord Lyon King of Arms. They are usually styled ["name"] ["surname"] of ["lairdship"]. However, since "laird" is a courtesy title, it has no formal status in law.
Historically, the term bonnet laird was applied to rural, petty landowners, as they wore a bonnet like the non-landowning classes. Bonnet lairds filled a position in society below lairds and above husbandmen (farmers), similar to the yeomen of England.
An Internet fad is the selling of tiny souvenir plots of Scottish land and a claim of a "laird" title to go along with it, but the Lord Lyon has decreed these meaningless for several reasons.
Etymology.
 (earlier ) is the now-standard Scots pronunciation (and spelling, which is phonetic) of the word that is pronounced and spelled in standard English as "lord". As can be seen in the Middle English version of Chaucer's Canterbury Tales, specifically in the Reeve's Tale, Northern Middle English had "a" where Southern Middle English had "o", a difference still found in standard English "two" and Scots .
The Scots and Northern English dialectal variant has been recorded in writing since the 13th century, as a surname, and in its modern context since the middle of the 15th century. It is derived from the Northern Middle English , itself derived from the Old English word meaning "warden of loaves". The Standard English variant, "lord", is of the same origin, and would have formerly been interchangeable with "laird"; however, in modern usage the term "lord" is associated with a peerage title, and thus the terms have come to have separate meanings. In Scotland, however, the title Baron represents a lower rank than it does in England, the rank equal to the English Baron being the Lord of Parliament in Scotland (e.g. Lord Lovat).
History and definition.
In the 15th and 16th centuries, the designation was used for land owners holding directly of the Crown, and therefore were entitled to attend Parliament. Lairds reigned over their estates like princes, their castles forming a small court. Originally in the 16th and 17th centuries, the designation was applied to the head chief of a highland clan and therefore was not personal property and had obligations towards the community.
The laird may possess certain local or feudal rights. A lairdship carried voting rights in the ancient pre-Union Parliament of Scotland, although such voting rights were expressed via two representatives from each county who were known as Commissioners of the Shires, who came from the laird class and were chosen by their peers to represent them. A certain level of landownership was a necessary qualification (40 shillings of old extent). A laird is said to hold a lairdship. A woman who holds a lairdship in her own right has been styled with the honorific "Lady".
Although "laird" is sometimes translated as "lord" and historically signifies the same, like the English term "lord of the manor", "laird" is not a title of nobility. The designation is a "corporeal hereditament" (an inheritable property that has an explicit tie to the physical land), i.e. the designation cannot be held in gross, and cannot be bought and sold without selling the physical land. The designation does not entitle the owner to sit in the House of Lords, and is the Scottish equivalent to an English squire, in that it is not a noble title, more a courtesy designation meaning landowner with no other rights assigned to it. A laird possessing a coat of arms registered in the Public Register of All Arms and Bearings in Scotland is a member of Scotland's minor nobility. Such a person can be recognised as a laird, if not a chief or chieftain, or descendant of one of these, by the formal recognition of a territorial designation as a part of their name by the Lord Lyon. The Lord Lyon is the ultimate arbiter as to determining entitlement to a territorial designation, and his right of discretion in recognising these, and their status as a name, dignity or title, have been confirmed in the Scottish courts.
Today.
A study in 2003 by academics at the Universities of Edinburgh and Aberdeen concluded that:
Traditional and current forms of address.
The use of the honorific "The Much Honoured" by lairds is archaic, although technically correct.
In the UK television series "Monarch of the Glen" (based on the 1941 novel by Compton Mackenzie), the wife of "Hector Naismith MacDonald, Laird of Glenbogle" is typically accorded the courtesy title "Lady of Glenbogle". 
King George V and his wife Queen Mary were reported as being "The Laird and Lady of Balmoral" by the Scottish press in the 1920s and 1930s.
Souvenir plots and false titles.
A contemporary popular view of lairdship titles has taken a unique twist in the 21st century with sales of souvenir plots from sellers who obtain no legal right to the title. A souvenir plot is defined in the Land Registration (Scotland) Act 2012 as "a piece of land ... of inconsiderable size or no practical utility". Several websites, and Internet vendors on websites like eBay, sell Scottish lairdships along with minuscule "plots of land" – usually one square foot. The Court of the Lord Lyon considers these particular titles to be meaningless because it is impossible to have numerous "lairds" of a single estate at the same time, as has been advertised by these companies.
However, despite the law and guidance by the Court of the Lord Lyon, the sellers view the contract purporting to sell a plot of Scottish souvenir land as bestowing the buyer with the informal right to the title of Laird. This is despite the fact that the buyer does not acquire ownership of the plot because registration of the plot is prohibited by Land Registration (Scotland) Act 2012, s 22 (1)(b). As ownership of land in Scotland requires registration of a valid disposition under Land Registration (Scotland) Act 2012, s 50 (2), the prohibition on registration of a souvenir plot means the buyer does not acquire ownership, and accordingly has no entitlement to a descriptive title premised on landownership.
The Lord Lyon, Scotland's authority on titles and heraldry, has produced the following guidance regarding the current concept of a "souvenir plot" and the use of the term "laird" as a courtesy title: