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NON-RECEIPT OF THE DEMAND NOTE DOES NOT ALTER THAT THE CROWN RENTS MUST BE PAID BY DECEMBER 25, 1990.

THE REQUIREMENT

CROWN RENT PAYERS WHO HAVE SUBMITTED A VALID DIRECT DEBIT

AUTOPAY "PAYMENT BY

AS AUTHORISATION SHOULD NOTE THAT IF THE WORDING

RENT WILL AUTHORISED" IS SHOWN ON THE DEMAND NOTES, PAYMENT OF CROWN

1990. BE MADE BY DIRECT DEBIT TO THEIR BANK ACCOUNTS ON DECEMBER 25,

THEY SHOULD THEN ENSURE THAT THEIR BANK ACCOUNTS NECESSARY FUNDS ON THAT DATE.

IF THE ABOVE WORDING IS NOT SHOWN ON THE PAYERS SHOULD MAKE PAYMENTS ACCORDING INSTRUCTIONS AS STIPULATED IN THE DEMAND NOTES.

RENT

CONTAIN THE

DEMAND

ΤΟ

NOTES, CROWN THE PAYMENT

CROWN RENT POST OR. BY OF

TO AVOID THE POSSIBLE INCONVENIENCE OF QUEUEING, PAYERS ARE URGED TO PAY BY CHEQUE OR MONEY ORDER SENT BY EARLY PERSONAL ATTENDANCE AT ANY OF THE OFFICES LISTED ON THE BACK THE DEMAND NOTE.

CROWN RENT PAYERS SHOULD NOTE THE FOLLOWING POINTS:

*

THE OWNER

TO AVOID LEGAL ACTION FOR RE-ENTRY OF A PROPERTY FOR THE TIME BEING OF THAT PROPERTY IS OBLIGED TO PAY CROWN RENT INCLUDING ANY ARREARS AS DEMANDED,

WHICH

THE CROWN RENT PAYABLE UNDER A LEASE OF A PROPERTY HAS BEEN RENEWED UNDER THE CROWN LEASES ORDINANCE (CAP. 40) AND REDEVELOPED, WILL BE THREE PER CENT OF THE RATEABLE VALUE OF THAT PROPERTY AS ASSESSED

THE FOLLOWING

REDEVELOPMENT.

PENDING COMPLETION OF THE ASSESSMENT AND OTHER RELATED

RENT DEMANDS PROCEDURES, CROWN

BASED UPON THE PRE-REDEVELOPMENT RATEABLE VALUE.

THE

BE WILL

DIFFERENCE

BETWEEN

THE

IN DUE COURSE, CROWN RENT FOR RENT BASED UPON PRE- AND POST-REDEVELOPMENT RATEABLE VALUES

AND WILL BE DEMANDED

THE OWNER FOR THE TIME BEING IS OBLIGED TO PAY THE RENT AS DEMANDED. IF HE DOES NOT, LEGAL ACTION FOR RE-ENTRY OF THE PROPERTY MAY BE INSTITUTED.

PURCHASERS OF PROPERTY ARE STRONGLY ADVISED TO SOLICITORS TO ENSURE THAT AT THE TIME OF PURCHASE THE PAID UP TO DATE.

THEIR

INSTRUCT CROWN RENT IS

HAS IF A PROPERTY IS SUBJECT TO THE CROWN LEASES ORDINANCE AND

OF THE BEEN REDEVELOPED BUT THE RENTAL PAID UP TO THE DATE

PURCHASE PROPERTY IS NOT BASED UPON AN ASSESSMENT OF THE RATEABLE VALUE OF THE

SHOULD BE TAKEN BY THE SINCE ITS REDEVELOPMENT, APPROPRIATE STEPS PURCHASER OR HIS SOLICITORS TO PROTECT THE PURCHASERS.

ENQUIRIES ON OUTSTANDING ACCOUNTS IN RESPECT OF CROWN RENT BE ADDRESSED TO THE DIRECTOR OF ACCOUNTING SERVICES.

MAY

THE FEE IS $45 FOR EACH ENQUIRY PER PROPERTY.

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