Crown Leases
49. When the purchaser or grantee of Crown land has complied with all the conditions of the sale or grant, he becomes entitled to a Crown lease of the lot and has to take up the lease when called upon by the Land Officer to do so. In many cases, however, the Land Office finds it difficult to persuade owners to take up their Crown leases when ready. This is because the taking up of a Crown lease involves an owner in a certain amount of trouble and expense. Although the standard fee for a Crown lease is only $175, it is necessary where there is a mortgage or other incumbrance on the property to employ a Solicitor to clear the title and reinstate the mortgage or incumbrance after issue. Since the Crown is the lessor, the vast majority of owners are usually content to allow their title to rest on the Conditions of Sale, Regrant, Exchange, etc., on which they hold their property, and such titles are in practice universally recognized as good marketable titles.
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50. Notwithstanding the reluctance of many owners to take up their Crown leases, the number of Crown leases issued in 1966-67 rose to 382, the highest total in any post-war year.
51. The lots for which leases were issued were of the following categories:
Hong Kong Island
Aberdeen Inland Lots
Inland Lots, Hong Kong
Rural Building Lots
Stanley Inland Lot
Miscellaneous
Kowloon
Kowloon Inland Lots Hung Hom Inland Lot Miscellaneous
New Kowloon
Kwun Tong Inland Lots New Kowloon Inland Lots
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:
:
:
49
49
44
3
1
6
99
1
1
113
65
382
STRE
Surrenders of Land to Crown
52. 420 Deeds of Surrender comprising 584 lots or sections of lots were prepared and put through by the Land Office. Most of these surrenders were required in connexion with exchanges negotiated by
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