Queensland Consolidated Acts Queensland Consolidated Acts(1) If--
(a) there are upon a tenement held under a lease provided for by section 9(2) structural improvements that are not the property of the lessee; and
(b) the owner of those structural improvements agrees to sell them to the lessee;
the lessee may purchase those improvements at a price and upon terms and conditions (including the giving of a mortgage in the owner's favour) agreed to by the owner and the lessee and approved by the Governor in Council.
(2) Where a lessee is not purchasing structural improvements as referred to in subsection (1) or a lessee is purchasing such structural improvements and the purchase price or any part thereof is outstanding, the lessee--
(a) shall maintain the improvements in the condition, order and repair they are in at the commencement of the lease, fair wear and tear and damage by fire or act of God excepted; and
(b) shall pay rent in respect of the improvements to the owner or vendor thereof in an amount agreed by the owner or vendor and approved by the Governor in Council; and
(c) shall keep the improvements insured to the full insurable value thereof with a licensed insurer approved by the owner or vendor thereof.
(3) Where the lessee is purchasing structural improvements any amounts paid as rent pursuant to subsection (2)(b) shall be set-off against the purchase price that is outstanding.