XN000022-1991-12-06 — Page 20

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FRIDAY, DECEMBER 6, 1991

RENT

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

DEMAND

NOTES,

CROWN TO THE PAYMENT

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 DEMAND NOTE.

CROWN RENT PAYERS SHOULD NOTE THE FOLLOWING POINTS:

*

CROWN RENT POST OR BY THE BACK

OF

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 REDEVELOPED, WILL BE THREE PER CENT OF THE RATEABLE VALUR 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 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 INSTRUCT THEIR SOLICITORS TO ENSURE THAT AT THE TIME OF PURCHASE THE CROWN RENT IS PAID UP TO DATE.

BEEN

PURCHASE PROPERTY

IF A PROPERTY IS SUBJECT TO THE CROWN LEASES ORDINANCE AND HAS REDEVELOPED 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 BY THE PURCHASER OR HIS SOLICITORS TO PROTECT THE PURCHASER.

ENQUIRIES ON OUTSTANDING ACCOUNTS IN RESPECT OF CROWN RENT BE ADDRESSED TO THE DIRECTOR OF ACCOUNTING SERVICES. THE FEE FOR EACH ENQUIRY PER PROPERTY.

MAY

IS

$45

/20

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