Land Leases (Amendment) Act, 2007 (No. 5 of 2007).
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LEX-FAOC084083
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This Act amends the Land Leases Act [CAP 163] in relation with a premium to be paid by the lessee or the registered proprietor to the lessor prior to the issue of a new lease. This premium shall be based on the full rental value of the unimproved value of the land as determined by the Minister from time to time and the contract rent as agreed to by the lessor and the lessee. The Act also concerns the review of full rental value by the Minister and compensation of a proprietor to a lessor in case of sale of a registered lease.
Amends: Land Leases Act (Cap. 163). (2006)
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