✨ Lease Conditions for Market Reserve Sections
45
a lease to be executed as hereinafter mentioned.
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If no advance be made upon the upset price for any Lot, such Lot will be withdrawn from sale, but will remain open to be leased under the 8th condition.
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If any dispute shall arise between two or more bidders, the Lot in dispute shall be immediately put up again.
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The Purchaser or Lessee of each Lot shall immediately pay, by way of deposit, to the Superintendent’s Clerk, one-half of the amount of his or her bidding, which sum shall be considered as payment of one-half year’s rent upon the completion of the Purchase or Lease.
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If any person fail to make the payment by way of deposit as provided for in the last condition, the Lot bid for by such person shall be immediately put up again for sale.
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A Lease of each Lot will be granted to each Purchaser or Lessee at his expense, and such Purchaser or Lessee will be required to execute a counterpart thereof.
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A copy of the proposed lease can be seen at the time of sale. Such Lease will contain the usual covenants and provisos, and a covenant restraining the Lessee from requiring the Lessor to fence or contribute towards fencing the land comprised in such Lease and land adjoining the property of the Lessor.
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Any Lots remaining unsold may, during a period of six months from the day of sale, at any time be leased at the upset price, subject to these conditions.
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Should there be any simultaneous applications for the Lots mentioned in the last condition, then such Lot or Lots shall be submitted to competition between the applicants only. The highest bidder at such sale shall be considered the Purchaser or Lessee, subject to the present conditions.
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Upon the execution of the Lease and Counterpart hereinbefore mentioned, each Purchaser or Lessee shall enter into possession of the Lot comprised in his or her Lease.
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Should the Purchaser fail to erect a building in accordance with these conditions within six calendar months from the date of sale, the deposit paid by such Purchaser shall be forfeited.
Printed, under the authority of the Government of the Province of Hawke’s Bay, by
DINWIDDIE, MORRISON and CO., Printers for the time being to such Government.
Hawke's Bay Provincial Gazette 1872, No 15
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General Conditions for Leasing Market Reserve Sections
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🗺️ Lands, Settlement & SurveyLease conditions, Building requirements, Market Reserve