Australian Capital Territory Consolidated Acts Australian Capital Territory Consolidated Acts(1) This section applies if the planning and land authority invites applications for the ballot or direct sale of a single dwelling house lease that may be subject to the condition that the lessee pays land rent for the lease.
(2) An applicant for the grant of the lease may apply to the planning and land authority to pay land rent for the lease.
Note 1 The planning and land authority may grant a lease under the Planning and Development Act 2007 , s 238.
Note 2 If a form is approved under the Planning and Development Act 2007 , s 425 for this provision, the form must be used.
(3) If the lease is granted, and an application is made under subsection (2) in accordance with the regulations, the lease—
(a) must be granted to the applicant subject to the condition that land rent is payable for the lease; and
(b) must indicate that the lease is a land rent lease.
Note 1 The planning and land authority need not grant a lease to an applicant, even if applications for the lease have been invited (see Planning and Development Act 2007 , s 244).
Note 2 If applications for a lease have been invited subject to conditions, the planning and land authority may, without granting a lease, invite fresh applications for the lease subject to the same or other conditions (see Planning and Development Act 2007 , s 244).
(4) A lease mentioned in subsection (3) is a land rent lease .