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PROPERTY LAW ACT 1974 - SECT 153 Definitions for div 6

PROPERTY LAW ACT 1974 - SECT 153

Definitions for div 6

153 Definitions for div 6

(1) In this division—


"absolute owner" means the owner or person capable of disposing by appointment or otherwise of the fee simple or whole interest in a holding, although the land or the person’s interest in the land is mortgaged or encumbered or charged.


"compensation" means compensation payable under this division, or compensation payable under any agreement which by this division is deemed to be substituted for compensation under this division.


"contract of tenancy" means a letting of a holding for a term, or for lives, or for lives and years, or from year to year, under a contract entered into at any time after 1 January 1905.


"determination of tenancy" means the cesser of a tenancy by effluxion of time or from any other cause.


"holding" means any parcel of agricultural land (which expression includes land suitable for dairying purposes) of an area of not less than 5 acres held by a tenant under a landlord.


"landlord" means the person for the time being entitled to possession of a holding, as the absolute owner of the land, subject to a contract of tenancy.


"tenant" means the person in possession of a holding under a contract of tenancy.
(2) The designations of landlord and tenant shall continue to apply to the parties until the conclusion of any proceedings taken under this division.