sch.3-sec.11Additional obligation for removal of improvements at end of trustee sublease

sch.3-sec.11 Additional obligation for removal of improvements at end of trustee sublease

This section applies to a trustee sublessee of a trustee sublease for removing improvements it is entitled to remove from the trustee sublease land at the end of the trustee sublease. The trustee sublessee must remove the improvements from the trustee sublease land— if a period for removal of the improvements is agreed between the trustee sublessee and the trustee lessee—within the agreed period; or otherwise—within 3 months after the trustee sublease ends. If the trustee sublessee does not remove the improvements it is entitled to remove from the trustee sublease land under subsection (2) , the improvements become the property of the trustee lessee. (sch.3-sec.11-ssec.1) This section applies to a trustee sublessee of a trustee sublease for removing improvements it is entitled to remove from the trustee sublease land at the end of the trustee sublease. (sch.3-sec.11-ssec.2) The trustee sublessee must remove the improvements from the trustee sublease land— if a period for removal of the improvements is agreed between the trustee sublessee and the trustee lessee—within the agreed period; or otherwise—within 3 months after the trustee sublease ends. (sch.3-sec.11-ssec.3) If the trustee sublessee does not remove the improvements it is entitled to remove from the trustee sublease land under subsection (2) , the improvements become the property of the trustee lessee.

• (a) if a period for removal of the improvements is agreed between the trustee sublessee and the trustee lessee—within the agreed period; or
• (b) otherwise—within 3 months after the trustee sublease ends.