HOUSING ACT 2003 - SECT 133 Freeholding lease under the repealed Act, s 24

HOUSING ACT 2003 - SECT 133

133 Freeholding lease under the repealed Act, s 24

(1) This section applies to a freeholding lease under the repealed Act, section 24, that was in force immediately before the commencement day.

(2) The terms and conditions of the lease continue to apply.

(3) The final payment of the purchase price of the land in the lease and any home erected on the land must include the appropriate fees prescribed under the Land Act 1994 and the Land Title Act 1994 for the issue of a deed of grant.

(4) The Land Act 1994 applies, with all necessary changes, to the lease except that—

(a) all lease payments must be paid to the chief executive; and

(b) a reference in that Act to the Minister is taken to be a reference to the Minister administering this Act; and

(c) to remove any doubt, chapter 8 , part 2 of that Act does not apply.

(5) The Governor in Council must issue a deed of grant for the land contained in the lease when—

(a) the terms and conditions of the lease and the contract of sale under the repealed Act, section 24 have been fulfilled; and

(b) the purchase price of the land in the lease and any home erected on the land, interest on the purchase price and all relevant fees have been paid.

(6) The deed of grant is issued subject to all the encumbrances to which the lease was subject and in the same priorities.