CTHRepealedAct
Register of Foreign Ownership of Water or Agricultural Land Act 2015
25Land becoming agricultural land while held by a foreign person
Start here
Get a plain-English read of 25
Turn the raw legal text into a practical explanation grounded in Register of Foreign Ownership of Water or Agricultural Land Act 2015.
25 Land becoming agricultural land while held by a foreign person
Another event is that land becomes agricultural land while a foreign person holds: (a) a freehold interest in the land; or (b) a right to occupy the land under a lease or licence whose term (including any extension or renewal) after the time the land becomes agricultural land is (at that time) reasonably likely to exceed 5 years.