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writing of the Governor pending the completion of the Building Covenant, and a provision that all Assignments, Mortgages, Sub-Leases or other dealings with the property should be registered at the Land Office.
(a) A covenant by the lessee to maintain and repair all buildings erected or to be created on the land throughout the term would be imposed in every case.
7. Hillside and waste land.
here the lot embraced areas of hillside or other waste land due allowance would be made therefor in determining the premium and the Crown rent.
8. Separate Crom Lease for each house site.
The modern practice of requiring a separate Crown Lease for er.ch separate house site would be observed.
9. Boundaries and Crown Reserves.
If it should be found that ground areas or boundaries As now in use do not correspond with those appearing on the title, the necessary adjustments for the purpose of the new lease would be determined by the Director of Public Works. Areas required for Crown reserves for future road widenings would not be regranted in the new Crown lease and no compensation or allowance would be payable in respect thereof.
10. Private streets, roads, scavenging lanes etc.
Private streets or roads and scavenging or other
lanes if any and any land required therefor would be included in or excluded from the new lease at the sole discretion of the Director of Public forks and no compensation or allowanoc would be made in respect of any area so exluded.
11. Land Office and other fees.
The prescribed fees would be payable in respect of any lease including all Land Office fees for or in respect of any surrender and any determination of Crown rent under the Crown Rents (Apportionment) Ordinance 1936 and any amending Ordinance and the fees for survey and boundary stones.
12. Usual Lcaschold Covenants and Provisions to apply.
In other respects the new leases to be granted upon the same terms and to be subject to and contain the same exceptions reservations, covenants and conditions as are contained in the current leases or agreements for tenancy with such variations, additions or rovisions as may be required to give effect to the conditions herein set out or to accord with modern Crown lease provisions appropriate to similar properties in the same locality.
13. Formal Agreement.
Applicants would in each case be informed by a preliminary letter from the Director of Public Works of the amount of premium which would be payable, and the extent and nature of the Building Covenant proposed and if willing to nocept would be required to enter into a formal Agreement with Government in a form to be approved by the Land Officer to give effcot to the terms agreed, such Agreement to be registered at the Land Office and to be followed in due course (upon fulfilment of the Building Covenant and other conditions to the satisfaction of the Director of Public Works and the Land Officer) by the issue of the Crown Lease,
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If within three months of receiving the preliminary
statement of terms from the Director of Public Works an applicant should not have signified in writing his willingness to accept the proposed terms the same would be deemed to have been withdrawn and Government would thereupon be free to negotiate with any other parties for the grant of a new lease of the property from the date of expiration of the current term.
14. Time limit.
Lessees of 75 years non-renewable Crown Leases should understand that unless formal applications for renewal of their leases is made within a reasonable time before their expiration, then on the expiration of the few remaining years of their current leasehold term the land and all buildings erected
thereon will automatically revert absolutely to the Crown.
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1949
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