New South Wales Consolidated Acts

SAINT VINCENT'S HOSPITAL ACT 1912 - SECT 6

6 Power to lease land

(1) The trustees may, for any purpose of or connected with the hospital, from time to time lease any portion of the land described in the First or Second Schedule or acquired at any time by the trustees:

(a) for a term not exceeding 21 years, to a public or local authority constituted by or under an Act, or

(b) for a term not exceeding 10 years, to any other person.

(2) The trustees may give to the lessee of any lease under subsection (1) an option of renewal if the aggregate duration of the lease and any such renewal does not exceed the maximum term for which the lease might have been granted to the lessee under that subsection.

(3) Where land is not immediately required for use for any purpose of or connected with the hospital, the trustees may lease the land under subsection (1) for any other use.

(4) The trustees are not required to obtain a fair market rental in respect of any lease under subsection (1) to a public or local authority constituted by or under an Act.