329
In forceNotice of surrender needed
Chapter 6Registration and dealings
Part 4Dealings affecting land
Division 2Surrender
329 Notice of surrender needed
(1)
If a lessee is absolutely surrendering a lease under section 327A, the lessee must give 1 year’s notice of the intention to surrender or pay 1 year’s rent in advance at the time of surrender.
(2)
However, the chief executive may waive the giving of 1 year’s notice or paying 1 year’s rent in appropriate circumstances.
This Act’s bill:Explanatory memorandum
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