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Land Regulation 2020
sec.74Requirements for general authority to sublet— Act , s 333
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sec.74 Requirements for general authority to sublet— Act , s 333
For section 333 (3) of the Act , each of the following requirements is prescribed for an authority under section 333 (1) of the Act for a sublease of a lease— the areas of the lease and the sublease must be clearly identified in the sublease; for a lease that is mortgaged, the mortgagee’s written consent to the sublease must be endorsed on the sublease; the purpose for which the sublease is granted must not be inconsistent with the purpose for which the lease was granted; the term of the sublease must be less than the balance of the term of the lease.
- (a) the areas of the lease and the sublease must be clearly identified in the sublease;
- (b) for a lease that is mortgaged, the mortgagee’s written consent to the sublease must be endorsed on the sublease;
- (c) the purpose for which the sublease is granted must not be inconsistent with the purpose for which the lease was granted;
- (d) the term of the sublease must be less than the balance of the term of the lease.