Purchase of Land (Extended Payment Agreements) Ordinance (Cap. 9.06).
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LEX-FAOC107739
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This Ordinance provides for selected matters relating to extended payment agreements, which are contracts for the sale of a freehold interest in land in a case in which it is a condition that the purchase money shall be paid in instalments and that the conveyance of the freehold shall not be executed until payment of the last instalment. The Ordinance, among other things, requires certain particulars to be included in the agreement and defines certain rights and duties of the vendor and the purchaser. Agreements shall be registered by the Registrar of Lands in the Extended Payment Agreements Register.
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