208
In forceResumption condition
Chapter 5Matters affecting land holdings
Part 2Conditions
Division 2Imposed conditions
208 Resumption condition
(1)
A lease may be subject to a condition that—
(a)
all or part of the lease may be resumed by giving the lessee 6 months notice; and
(b)
if all or part of the lease is resumed—compensation will be paid only for improvements on the part of the lease resumed.
(2)
To remove any doubt, it is declared that no compensation is payable for the part of the lease resumed.
This Act’s bill:Explanatory memorandum
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