137D
CurrentPurchase on certain conditions
Part ICrown lands generally
Division 9Leases and licences for non‑agricultural purposes
Subdivision 1AConditional purchase leases
137D Purchase on certain conditions
S. 137D inserted by No. 10011 s. 12.
Where the Minister is satisfied that the lessee under a conditional purchase lease—
(a)
has erected the buildings or improvements specified in the lease pursuant to section 137C(b); and
(b)
has occupied the land for not less than one year and complied with all conditions, covenants, reservations, restrictions and exemptions to which the lease is subject—
the lessee shall, on payment of the full purchase price of the land, which price shall be fixed by the Minister, be entitled to a grant in fee simple of the land.
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