74Continued occupation without agreement

74 Continued occupation without agreement If a person continues to occupy project land after the period permitted under section 71 or the reservation date (as the case may be) and an agreement has not been entered into under section 73 in respect of that occupation, that person— (a) is to be taken to be in possession of the land in pursuance of a tenancy determinable at will by the Authority; and (b) is liable to pay to the Authority a fair market rent in respect of that continued occupation.