Closer Settlement Act 1957
29Settlement leases
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29 Settlement leases
(1) *[Section 29 Subsection (1) amended by No. 89 of 1983, s. 4 and Sched. 2 ]**[Section 29 Subsection (1) amended by No. 77 of 1995, s. 3 and Sched. 1 ]*A settlement lease shall be in accordance with the agreement therefor between TDR and the grantee and an offer of a settlement lease by TDR, or acceptance by TDR of a counter offer, shall be in accordance with this section.
(2) *[Section 29 Subsection (2) amended by No. 88 of 1983, s. 4 and Sched. 2 ]**[Section 29 Subsection (2) amended by No. 77 of 1995, s. 3 and Sched. 1 ]*Notwithstanding the provisions of subsection (1) , TDR shall not grant a settlement lease that does not comply with this section and is liable for breach of contract so far as it agrees to grant something forbidden by this subsection.
(3) *[Section 29 Subsection (3) amended by No. 28 of 1983, s. 7 ][Section 29 Subsection (3) amended by No. 88 of 1983, s. 4 and Sched. 2 ][Section 29 Subsection (3) amended by No. 77 of 1995, s. 3 and Sched. 1 ]*A settlement lease shall –
(a) be for a term of 10 years;
(b) reserve a rent determined as provided by section 31 ;
(c) contain the prescribed covenants and conditions; and
(d) contain any special covenants or conditions that TDR in any particular case thinks necessary or desirable.