5Leases of land on which there are Territory buildings

5 Leases of land on which there are Territory buildings (1) Notwithstanding anything in this Act, the Minister may, without inviting applications, by agreement in writing, grant a lease of Crown land on which there is a building the property of the Territory. (2) A lease may be granted under this section for business or residential purposes or for both business and residential purposes. (3) A lease may be granted under this section on a weekly, fortnightly, monthly or quarterly tenancy. (4) A lease under this section: (a) shall contain the prescribed reservations, conditions and provisions and such additional reservations, conditions and provisions as the Minister thinks fit and specifies in the agreement; and (b) shall take effect according to its tenor. (5) This Act, other than this section, does not apply to or in relation to a lease granted under this section, but the law that would apply to and in relation to a lease of land held for an estate in fee simple shall apply to and in relation to a lease granted under this section as if the land leased were held by the Minister for an estate in fee simple. (6) The Land Title Act 2000 does not apply to leases granted under this section. (7) Where: (a) there is on Crown land a building the property of the Territory; and (b) a person is in occupation of that Crown land after having acknowledged in writing that he or she will occupy the Crown land as a tenant of the Territory from week to week, from fortnight to fortnight, from month to month or from quarter to quarter, that Crown land shall be deemed to be leased to the person under this section and the document containing the acknowledgement shall operate and have effect according to its tenor as if it were the grant of a lease of that Crown land under subsection (1). Crown Lands Act 1992 5