Settlement leases
29 Settlement leases
A settlement lease shall be in accordance with the agreement therefor between TDR and the grantee and an offer of a settlement lease by TDR, or acceptance by TDR of a counter offer, shall be in accordance with this section.
Notwithstanding the provisions of subsection (1), TDR shall not grant a settlement lease that does not comply with this section and is liable for breach of contract so far as it agrees to grant something forbidden by this subsection.
A settlement lease shall – be for a term of 10 years; reserve a rent determined as provided by section 31; contain the prescribed covenants and conditions; and contain any special covenants or conditions that TDR in any particular case thinks necessary or desirable.
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