XN000022-1987-10-28 — Page 10

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WEDNESDAY, OCTOBER 28, 1987

EXPLAINING SOME OF THE MORE IMPORTANT CHANGES PROPOSED, HE SAID THE BILL WAS HIGHLY TECHNICAL,

TO THE LAND BEING SOLD, A "FIRST, IN ORDER TO PROVE TITLE

AND ALL OTHER VENDOR IS USUALLY REQUIRED TO PRODUCE THE CROWN LEASE

THE CONTRACT FOR RELEVANT DOCUMENTS FOR A PERIOD OF 25 YEARS BEFORE SALE.

THIS

TO PERIOD

15 YEARS "CLAUSE 5(A) REDUCES

PROBLEMS AND IT IS CAUSES PRACTICAL LONGER PERIOD PURCHASERS WILL BE NO WORSE OFF AS A RESULT OF THE CHANGE,

IT HAD OF ATTORNEY BEFORE TIME

BEEN FOUND

THE WHERE THE CONVEYANCING

DIFFICULT POWER

PRACTICE, IN ORIGINAL POWER CONSIDERABLE

BECAUSE THOUGHT

" HE SAID.

THE THAT

PRODUCE GIVEN

AN SOME 5

TO WAS

CLAUSE TRANSACTION.

EXPRESSED,

ATTORNEY

AMENDED THE LAW SO THAT, UNLESS THE CONTRARY INTENTION WAS THE VENDOR WAS ONLY OBLIGED TO PRODUCE THE ORIGINAL POWER OF WHERE IT WAS EXECUTED LESS THAN 15 YEARS BEFORE THE CONTRACT OF SALE.

COVENANTS, MR THOMAS OF COVENANTS

CLAUSE 12 DEALT WITH THE ENFORCEMENT OF SAID. IN PRACTICE, THIS PROBLEM AROSE MOSTLY IN RESPECT BETWEEN FLAT-OWNERS IN MULTI-STOREY DWELLINGS.

"THIS IS A COMPLEX AREA OF THE LAW,

EXISTING PROVISIONS DO NOT HAVE BEEN SEEM TO HAVE CAUSED ANY PRACTICAL DIFFICULTIES. BUT DOUBTS

中中 MR THOMAS SAID. EXPRESSED AS TO THEIR EFFICACY IN SOME SITUATIONS,

"SO THE PROVISIONS HAVE BEEN RECAST TO CLARIFY THE LAW.

14

BEEN TAKEN ΤΟ OWNERS OF PIECES

AT THE SAME TIME, HE SAID, THE OPPORTUNITY HAD DEAL WITH THE ENFORCEMENT OF COVENANTS BETWEEN THE OF LAND WITHIN A DEVELOPMENT SCHEME.

DEVELOPMENT SCHEMES WERE A THESE RESIDENTIAL RECENT MEANS OF PROVIDING HOME-OWNERSHIP IN HONG KONG.

COMPARATIVELY

A WORKING GROUP AND HAD TAKEN

ON THE BACKGROUND TO THE BILL, MR THOMAS SAID CHAIRED BY THE REGISTRAR GENERAL HAD CONSULTED WIDELY INTO ACCOUNT THE COMMENTS OF ASSOCIATIONS AND INDIVIDUAL LAWYERS.

MEASURE

"I AM FORTIFIED IN MY BELIEF THAT THE BILL IS A USEFUL BY THE SATISFACTION AND SUPPORT THAT HAS BEEN GIVEN TO IT BY THE SOCIETY.

LAW

THE

VARIETY OF

"THEIR MEMBERS ARE PARTICULARLY FAMILIAR WITH INTERESTS AFFECTED BY CONVEYANCING TRANSACTIONS," HE SAID.

DEBATE ON THE BILL WAS ADJOURNED.

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