29-OCT-1991
16:31
BRITISH TRADE COMMISSION
7
P.03
Re-entry
12. (a)
No
Upon any
failure or neglect by the Grantee to perform, observe or
with comply
of these Conditions the Government any shall be entitled to re-enter upon and take back possession of the lot or any part thereof and all or any buildings, erections and works thereon or on such part, and thereupon this Agreement and the rights of
of the Grantee hereunder shall absolutely cease and determine (in respect of such part if the re-entry is upon a part only) but without prejudice nevertheless to the rights, remedies
claims and
in
of of
respect
breach, any non-observance or non-performance of any of these Conditions.
or
the
Government
Or
(b) In the event of re-entry by the Government for or in
of
arising out compensation respect
of the
non-observance breach, on re-entry non-performance by the Grantee of the provisions of these Conditions, the Grantee shall not be entitled to any payment or
whatsoever whether in Compensation
respect of the value of the land, or for any buildings thereon, or for any amount expended by the Grantee in the preparation, formation or development of the lot or otherwise.
Lease
to
13. (a) When these Conditions have been performed and complied with
the satisfaction of the Director, the Grantee shall subject to approval of
of his title by the Registrar General (Land Officer) be entitled to a lease of the lot for the term stated in the preamble to these Conditions.
(b) The Grantee
shall pay
fees
an
shall execute and take up a lease of the lot when called upon to do so by the Registrar General (Land Officer) and
the prescribed
therefor and endorsement by the Registrar General (Land Officer) on these Conditions or on the Land Office Registers that plans of the lot or any specified part thereof are in the Land Office and that the lease thereof must be taken up before any further dealing with the lot or a specified part thereof can be registered shall have effect accordingly. In the event of more than one building being erected On the lot the Grantee may be required to take up a separate lease for the site of each separate building and shall pay the Registrar General (Land Officer) the prescribed fees for every additional lease so required to be taken up.
(c) Pending the issue of the lease the tenancy of the lot shall be deemed to
upon and subject to and such lease, when issued, shall be subject to and contain all exceptions, reservations, covenants, clauses, conditions and provisos as are now inserted in the leases issued by the Government of similar lots in Hong Kong as varied, modified
extended by these
Conditions.
or
No comments yet.
Private notes are available after approval.