Housing (Freeholding of Land) Act 1957

Upon and from the quarter day next following the receipt by the chief executive pursuant to section 10E of notice from a lessee that the lessee elects to proceed with an application under this part, the perpetual lease, the subject of the application, shall be deemed to be a freeholding lease—

for the term of years determined pursuant to section 10D commencing on the quarter day next following the date when the chief executive receives the notice; and

subject in every respect to the provisions of this part;

and the chief executive shall cause the lease to be appropriately endorsed.