Full legislation
s.5
Renewal of Government leases expiring after commencement * of Ordinance
(1)
Where a renewable Government lease of a lot expires after the commencement of
this Ordinance and the lot has not been divided into sections before the expiration
of the lease, the right of renewal contained in the lease shall, if the lease has
not been renewed pursuant to the right of renewal contained therein before it
expires, be deemed to have been exercised by the person or all the persons, if more
than one, entitled to that right immediately before the expiration of the lease, and
there shall be deemed to be granted to such person or persons on the day following
the day on which the lease expired a new Government lease of the lot.
(2)
Where a renewable Government lease of a lot expires after the commencement of
this Ordinance and the lot has been divided into sections before the expiration of
the lease, the right of renewal contained in the lease shall, if the lease has not
been renewed pursuant to the right of renewal contained therein, before it expires,
be deemed to have been exercised by all the persons entitled to that right
immediately before the expiration of the lease, and there shall be deemed to be
granted to such persons on the day following the day on which the lease expired
separate new Government leases of the sections of the lot respectively held by them
under the lease.