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THURSDAY, DECEMBER 3, 1992
IF THE ABOVE WORDING IS NOT SHOWN ON THE RENT PAYERS SHOULD MAKE PAYMENTS ACCORDING INSTRUCTIONS AS STIPULATED IN THE DEMAND NOTES.
DEMAND NOTES, CROWN TO THE PAYMENT
PAY BY
AT
TO AVOID QUEUEING, CROWN RENT PAYERS ARE URGED TO CHEQUE OR MONEY ORDER SENT BY POST OR BY EARLY PERSONAL ATTENDANCE ANY OF THE OFFICES LISTED ON THE BACK OF THE DEMAND NOTE.
CROWN RENT PAYERS SHOULD NOTE THE FOLLOWING POINTS:
*
TO AVOID LEGAL ACTION FOR RE-ENTRY OF A PROPERTY THE OWNER FOR THE TIME BEING OF THAT PROPERTY IS OBLIGED TO PAY CROWN RENT INCLUDING ANY ARREARS AS DEMANDED.
THE CROWN RENT PAYABLE UNDER A LEASE OF A PROPERTY WHICH HAS BEEN RENEWED UNDER THE CROWN LEASES ORDINANCE AND RE-DEVELOPED, WILL BE 3 PER CENT OF THE RATEABLE VALUE OF THAT PROPERTY AS ASSESSED FOLLOWING THE REDEVELOPMENT. PENDING COMPLETION OF THE ASSESSMENT AND OTHER RELATED PROCEDURES, CROWN RENT DEMANDS WILL BE BASED UPON THE PRE-REDEVELOPMENT RATEABLE VALUE. IN DUE COURSE, CROWN RENT FOR THE DIFFERENCE BETWEEN THE RENT BASED UPON PRE AND POST- REDEVELOPMENT RATEABLE VALUES WILL BE DEMANDED AND THE OWNER FOR THE TIME BEING IS OBLIGED ΤΟ PAY THE RENT AS DEMANDED. IF HE DOES NOT, LEGAL ACTION FOR RE-ENTRY OF THE PROPERTY MAY BE INSTITUTED.
PROPERTY BUYERS ARE ADVISED TO INSTRUCT THEIR SOLICITORS ΤΟ ENSURE THAT AT THE TIME OF PURCHASE THE CROWN RENT 18 PAID UP-TO-DATE.
HAS PURCHASE PROPERTY BY THE
IF A PROPERTY IS SUBJECT TO THE CROWN LEASES ORDINANCE AND BEEN RE-DEVELOPED BUT THE RENTAL PAID UP TO THE DATE OF THE IS NOT BASED UPON AN ASSESSMENT OF THE RATEABLE VALUE OF THE SINCE ITS REDEVELOPMENT, APPROPRIATE STEPS SHOULD BE TAKEN BUYER OR HIS SOLICITORS TO PROTECT THE BUYER.
ENQUIRIES ON OUTSTANDING ACCOUNTS IN RESPECT OF CROWN RENT BE ADDRESSED TO THE DIRECTOR OF ACCOUNTING SERVICES: THE FOR EACH ENQUIRY PER PROPERTY.
MAY
FEE
IS
$45
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