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The Pamphlet Collection of Sir Robert Stout: Volume 66

Right to acquire Freehold

Right to acquire Freehold.

Any lessee of land outside a proclaimed goldfield or any education or endowment reserve has the right of purchase (if within the six years he has fulfilled all the improvement conditions) at a price fixed when the lease is granted, but not less than the estimated value on which he has paid rent at 5 per cent. Advantage must, however, be taken of the purchasing right within twelve years of the commencement of a lease.