45. Board may lease land to lessees of all flats in a housing estate
Feedback & supportLast amended by an amending law of 1986.
The Board may lease the whole or part of any land on which a housing estate is erected to the lessees of all the flats in the housing estate as tenants-in-common in equal shares for a nominal sum of one dollar for a term of years which runs concurrently with the unexpired term of the leases issued for the flats in the housing estate.
Board
“Board” means the Housing and Development Board constituted under section 3 of the Housing and Development Act;
A lease executed by the Board pursuant to subsection (1) shall be in such form as the Registrar may require and contain such terms and conditions which are, insofar as it is practical, identical to the terms and conditions of the leases for the flats in the housing estate.
Registrar
“Registrar” means the Registrar of Titles appointed under the Land Titles Act;
The lessees of all the flats in a housing estate shall be deemed to have accepted a lease referred to in subsection (1) when it has been executed by the Board.
housing estate
“housing estate” means any housing estate built on any of the parcels of land which are more particularly described in the First Schedule;
Where the land on which a housing estate is erected or any part thereof is leased to the lessees of all the flats in the housing estate pursuant to subsection (1), no share of the estate or interest in the land shall be disposed of except as appurtenant to the flat of the registered lessee who is the lessee of an undivided share in the land, and any assignment of a leasehold estate or an interest in the flat shall operate to pass the assignor’s registered estate or interest in the undivided share in the land to his assignee. [44A
land
“land” includes land, freehold or leasehold, or of whatever tenure, whether or not held apart from the surface, and buildings or parts thereof (whether completed or otherwise and whether divided horizontally, vertically or in any other manner), and tenements and hereditaments, corporeal or incorporeal;