This Act amends the Land and Titles Act by inserting a new section (142A), which makes provision with respect to resumption of fixed-term estates created under section 100 of the principal Act. The Land Board may resume all or part of the estate to use the relevant land for public purposes by: (a) giving the owner of the estate 6 months written notice of the resumption; and (b) paying the owner reasonable compensation for the resumption. The section sets out the consideration for determining the amount of reasonable compensation.
Amends: Land and Titles Act. (2005-03-21)
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