Ture Whakahaere Rahui Maori
Leases of Small Areas
Leases of Small Areas.
|52/ 61.||Notwithstanding anything in this Act, the Public Trustee may from time to time set apart for lease with right of renewal, as provided by this Part of this Schedule, portions of rural lands not exceeding fifty acres each, to be open to all persons by tender to the Public Trustee in such manner as it thinks fit.
Every lease under this provision shall be for a term of twenty-one years, renewable from time to time as hereinafter provided.
No lessee shall, either solely or jointly with any other person or in partnership, under this provision hold more than fifty acres. Any lease so held shall be absolutely void.
The rent shall not be less than five per centum per annum upon the value of the land, not being less than shillings per acre.
Except as hereinbefore mentioned, all the provisions of this Act shall apply in respect of land taken up under this section.
|53/ 159.||Any lessee may, with the consent of the Public Trustee, surrender the lands comprised in his lease, upon such terms as the Public Trustee thinks fit. It page 30shall not be competent for the surrendering lessee for the period of one year from the date of such surrender to become the lessee of the new lease, either originally or by transfer or sub-lease, in case there should be any other applicant for such new lease, unless the Public Trustee consents in writing thereto.|