Land Leases (Amendment) Act, 2007 (No. 5 of 2007).
Country
Type of law
Legislation
Abstract
This Act amends the Land Leases Act [CAP 163] in relation with a premium to be paid by the lessee or the registered proprietor to the lessor prior to the issue of a new lease. This premium shall be based on the full rental value of the unimproved value of the land as determined by the Minister from time to time and the contract rent as agreed to by the lessor and the lessee. The Act also concerns the review of full rental value by the Minister and compensation of a proprietor to a lessor in case of sale of a registered lease.
Attached files
Web site
Long title of text
An Act to amend the Land Leases Act [CAP 163].
Date of text
Repealed
No
Serial Imprint
Vanuatu Sessional Legislation 2007.
Source language
English
Legislation Amendment
No
Amends