LAND ACT 1958 - SECT 122 Term of lease
LAND ACT 1958 - SECT 122
Term of lease(1) The term of a lease granted under section 121 must not exceed 35 years from the date it is granted.
(2) If a lease contains options for renewal of the lease by the lessee, the aggregate of the original term and the further term or terms must not exceed 35 years.
S. 123 substituted by No. 96/1994 s 8.