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LAND ACT 1958 - SECT 137D Purchase on certain conditions

LAND ACT 1958 - SECT 137D

Purchase on certain conditions

Where the Minister is satisfied that the lessee under a conditional purchase lease

        (a)     has erected the buildings or improvements specified in the lease pursuant to section 137C(b); and

        (b)     has occupied the land for not less than one year and complied with all conditions, covenants, reservations, restrictions and exemptions to which the lease is subject—

the lessee shall, on payment of the full purchase price of the land, which price shall be fixed by the Minister, be entitled to a grant in fee simple of the land.

S. 137E inserted by No. 10011 s. 12.