137
CurrentDecision to renew lease
Part 10Leasing of Aboriginal land
Division 4Home ownership leases
Subdivision 3Renewal
137 Decision to renew lease
(1)
If the lessor decides to renew the home ownership lease, the lessor must give the lessee—
(a)
notice of the decision; and
(b)
a copy of the renewed lease.
(2)
The renewed lease—
(a)
has effect immediately after the lease it replaces (the replaced lease) ends; and
(b)
is subject to all the conditions to which the replaced lease was subject immediately before it ended.
(3)
No amount is payable under section 126(1)(b) for the renewed lease.
Research tools for this sectionSubscription
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.