sec.10FConversion to freeholding lease

sec.10F Conversion to freeholding lease

Upon and from the quarter day next following the receipt by the chief executive pursuant to section 10E of notice from a lessee that the lessee elects to proceed with an application under this part, the perpetual lease, the subject of the application, shall be deemed to be a freeholding lease— for the term of years determined pursuant to section 10D commencing on the quarter day next following the date when the chief executive receives the notice; and subject in every respect to the provisions of this part; and the chief executive shall cause the lease to be appropriately endorsed. s 10F ins 1980 No. 49 s 13 amd 2003 No. 52 s 153 sch 2 (amd 2005 No. 33 s 11 (retro)); 2005 No. 46 s 9 sch

• (a) for the term of years determined pursuant to section 10D commencing on the quarter day next following the date when the chief executive receives the notice; and
• (b) subject in every respect to the provisions of this part;