Land Leases (Amendment) Act, 2007 (No. 5 of 2007).
Resource information
Resource Language
ISBN / Resource ID
LEX-FAOC084083
Pages
1
License of the resource
Copyright details
© FAO. FAO is committed to making its content freely available and encourages the use, reproduction and dissemination of the text, multimedia and data presented. Except where otherwise indicated, content may be copied, printed and downloaded for private study, research and teaching purposes, and for use in non-commercial products or services, provided that appropriate acknowledgement of FAO as the source and copyright holder is given and that FAO's endorsement of users' views, products or services is not stated or implied in any way.
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)
