Victorian Consolidated Legislation

Land Act 1958 - SECT 58

Power of perpetual lessee to surrender lease

58. Power of perpetual lessee to surrender lease



(1) Any perpetual lessee who has selected land on which no arrears of rent are
due may in writing apply at any time for permission to surrender his lease to
Her Majesty.

(2) If the Minister is satisfied that the applicant holds the allotment bona
fide for his sole use and benefit and that such surrender is approved of in
writing by any mortgagee or lienee of such lease the Governor in Council may
if he thinks fit accept such surrender and on payment of such fee as may be
prescribed issue to such applicant a selection purchase lease (residential or
non-residential) for such allotment.