74
In forceRequirements for general authority to sublet—Act, s 333
Part 6Registration and dealings
74 Requirements for general authority to sublet—Act, s 333
For section 333(3) of the Act, each of the following requirements is prescribed for an authority under section 333(1) of the Act for a sublease of a lease—
(a)
the areas of the lease and the sublease must be clearly identified in the sublease;
(b)
for a lease that is mortgaged, the mortgagee’s written consent to the sublease must be endorsed on the sublease;
(c)
the purpose for which the sublease is granted must not be inconsistent with the purpose for which the lease was granted;
(d)
the term of the sublease must be less than the balance of the term of the lease.
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