s 66
In forceLease for residential purposes
Part 8Conditions and requirements applying to leases
Division 1Conditions and requirements applying to leases other than term leases
66 Lease for residential purposes
(1)
This section applies if, under a lease, land must be used primarily for residential purposes.
(2)
If, on the commencement of this section, there is no private residential premises on the land, the lessee must ensure a private residential premises is built on the land—
(a)
for a 1985 Act granted lease—within 8 years after the commencement of this section; or
(b)
for a new Act granted lease—within 8 years after the lease is granted.
(3)
The annual rental for the lease is the amount, of not more than $1, decided by the lessor.
Research tools for this sectionPro
The statute text is free to read above. View Pro plans to unlock the case-law research tools for each provision.