PROPERTY LAW ACT 1974 - SECT 12
Creation of interests in land by parol
PROPERTY LAW ACT 1974 - SECT 12
Creation of interests in land by parol
12 Creation of interests in land by parol
(1) All interests in land created by parol and not put in writing and signed
by the person so creating the same, or by the person’s agent lawfully
authorised in writing, shall have, despite any consideration having been given
for the same, the force and effect of interests at will only.
(2) Nothing in
this Act shall affect the creation by parol of a lease taking effect in
possession for a term not exceeding 3 years, with or without a right for the
lessee to extend the term for any period which with the term would not exceed
3 years.
