50Termination or surrender of lease

### 50 Termination or surrender of lease > > (1)  A lease under [section 48](#GS48@EN) of reserved land that is Crown land may be – > > > > > > (a) terminated; or > > > > > > > (b) surrendered by the lessee – > > > > on terms and conditions agreed between the Minister and the lessee. > > > (2)  When a lease under [section 48](#GS48@EN) of reserved land that is Crown land – > > > > > > (a) is surrendered; or > > > > > > > (b) expires; or > > > > > > > (c) is terminated – > > > > all improvements on the land vest in the Crown absolutely. > > > (3)  [Subsection (2)](#GS50@Gs2@EN) does not apply to a termination or surrender of a lease for the purpose of its consolidation with any other lease. > > > (4)  If a lease under [section 48](#GS48@EN) of reserved land that is Crown land is surrendered or terminated by mutual agreement of the Minister and the lessee, and the Minister receives money from the sale of improvements effected by the lessee, including improvements paid for by the lessee and taken over from the previous lessee, the Minister may, in the Minister’s absolute discretion – > > > > > > (a) pay to the lessee so much of the value of the improvements as the Minister thinks fit, being an amount not exceeding the amount received by the Minister from the sale of the improvements; or > > > > > > > (b) refuse to make any payment in respect of the improvements.