175
In forceWhen lease may be subdivided
Chapter 4Land holdings
Part 3Leases
Division 4Subdividing leases
175 When lease may be subdivided
A lease may be subdivided only if—
(a)
this Act or a condition of the lease does not prohibit its subdivision; and
(b)
the lease is not, by a registered covenant or tied condition, tied to another lease or freehold land; and
(c)
the chief executive has, on an application made under this division, approved the subdivision; and
(d)
the requirements under this division for the subdivision have been complied with.
This Act’s bill:Explanatory memorandum
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