On 19/06/2013,
you requested for the version in force on 19/06/2013
incorporating all amendments published on or before 19/06/2013.
The closest version currently available is that of 07/09/2012.
45.
—(1) The Board may lease the whole or part of any land on which a housing estate is erected to the lessees of all the flats in the housing estate as tenants-in-common in equal shares for a nominal sum of one dollar for a term of years which runs concurrently with the unexpired term of the leases issued for the flats in the housing estate.
(2) A lease executed by the Board pursuant to subsection (1) shall be in such form as the Registrar may require and contain such terms and conditions which are, insofar as it is practical, identical to the terms and conditions of the leases for the flats in the housing estate.
(3) The lessees of all the flats in a housing estate shall be deemed to have accepted a lease referred to in subsection (1) when it has been executed by the Board.
(4) Where the land on which a housing estate is erected or any part thereof is leased to the lessees of all the flats in the housing estate pursuant to subsection (1), no share of the estate or interest in the land shall be disposed of except as appurtenant to the flat of the registered lessee who is the lessee of an undivided share in the land, and any assignment of a leasehold estate or an interest in the flat shall operate to pass the assignor’s registered estate or interest in the undivided share in the land to his assignee.
[44A
[6/86]