170Power to let

170 Power to let (1) The holder of a residence area right may let his interest in the occupation thereof to any person at a monthly or weekly rental, and between such holder and such person there shall exist the same rights as between landlord and tenant. (2) The holder of a residence area right may at any time before 1st January, 1983 in the prescribed manner and subject to the prescribed conditions— (a) encumber his interest in such residence area; or (b) sell or transfer his interest in such residence area— but shall not thereafter encumber, sell or transfer his interest and any purported encumbrance sale or transfer after that date shall be void and to no effect. (3) The sale or transfer of a residence area right shall be of no force or effect until notice of such transfer is endorsed on the right by a person duly authorized in that behalf by the Governor in Council. S. 171 substituted by No. 8304 s. 2, amended by Nos 92/1990 s. 128(Sch. 1 item 13.4), 63/2006 s. 61(Sch. item 19).