Closer Settlement Act 1957
28Development leases
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28 Development leases
(1) *[Section 28 Subsection (1) amended by No. 88 of 1983, s. 4 and Sched. 2 ]**[Section 28 Subsection (1) amended by No. 77 of 1995, s. 3 and Sched. 1 ]*Except where TDR sees fit to grant a settlement lease in accordance with section 29 , a holding leased for the time being shall be let on a development lease in accordance with this section.
(2) *[Section 28 Subsection (2) amended by No. 88 of 1983, s. 4 and Sched. 2 ]**[Section 28 Subsection (2) amended by No. 77 of 1995, s. 3 and Sched. 1 ]*A development lease shall be for one year and thereafter from year to year at such rent and on such conditions as TDR thinks fit.
(2A) *[Section 28 Subsection (2A) inserted by No. 123 of 1977, s. 2 ]*A development lease granted under this section shall specify the period for which it may continue, being a period not more than 10 years.
(3) *[Section 28 Subsection (3) substituted by No. 123 of 1977, s. 2 ][Section 28 Subsection (3) amended by No. 88 of 1983, s. 4 and Sched. 2 ][Section 28 Subsection (3) amended by No. 77 of 1995, s. 3 and Sched. 1 ]*Unless a development lease is determined at least one year before the end of the period referred to in subsection (2A) TDR shall, in the first 6 months of the last year of that period, determine the lease by notice to quit expiring at the end of that period.
(3A) *[Section 28 Subsection (3A) inserted by No. 123 of 1977, s. 2 ][Section 28 Subsection (3A) amended by No. 88 of 1983, s. 4 and Sched. 2 ][Section 28 Subsection (3A) amended by No. 77 of 1995, s. 3 and Sched. 1 ]*Where TDR determines a lease pursuant to subsection ( 3 ) it may offer the tenant a settlement lease under section 29 to commence on the termination of the development lease.
(4) *[Section 28 Subsection (4) amended by No. 88 of 1983, s. 4 and Sched. 2 ]**[Section 28 Subsection (4) amended by No. 77 of 1995, s. 3 and Sched. 1 ]*Subject to this section, the provisions of a development lease may be varied at any time by agreement and TDR may, with any notice to quit that it is entitled to give, offer the tenant a variation of the provisions upon the acceptance of which the notice to quit shall be void.
(5) A settlement lease may be granted to and accepted by a lessee under a development lease at any time before the commencement of the period of 6 months mentioned in , and thereupon the development lease shall merge in the settlement lease.