33Termination or surrender of lease

### 33 Termination or surrender of lease > > (1)  A lease for rural purposes may – > > > > > > (a) with the approval of the other party, be terminated by either the Minister or the lessee; or > > > > > > > (b) with the approval of the Minister, be surrendered by the lessee on such notice, not exceeding 12 months, as the Minister may determine – > > > > on such terms and conditions as may be agreed upon between the Minister and the lessee. > > > (2)  Where any lease of Crown land – > > > > > > (a) [*\[Section 33 Subsection (2) amended by No. 17 of 1996, Applied:19 Mar 2002\]*](/view/html/inforce/2002-03-19/act-1996-017#AT@EN) is surrendered to the Minister; or > > > > > > > (b) expires; or > > > > > > > (c) is terminated – > > > > all improvements in or on the land vest in the Crown absolutely. > > > (3)  Where a lease is surrendered or terminated by mutual agreement of the Minister and the lessee, and the Minister has received moneys from the sale of the improvements – > > > > > > (a) effected by the lessee on or to the land; or > > > > > > > (b) for which the lessee paid valuable consideration at the time of the purchase of the lease – > > > > the Minister may, in his absolute discretion, pay to the lessee so much of the value of the improvements as he thinks fit or refuse to make any payment in respect thereof. > > > (4)  Where the Minister makes any payment under [subsection (3)](#GS33@Gs3@EN) the payment shall not exceed the amount received by the Minister under that subsection for those improvements. > > > (5)  The provisions of [subsection (2)](#GS33@Gs2@EN) do not apply to a termination or surrender of a lease for the purpose of its consolidation with any other lease.