✨ Land Lease Regulations
2240
THE NEW ZEALAND GAZETTE.
[No. 100
SECOND SCHEDULE.
TABLE for calculating the Half-yearly Instalment to be paid by the Lessee for any Number of Years from 5 to 21 in respect of Value of Buildings or Repayment of Advances.
When the Number of Years is
Each Half-year there shall be paid by the Lessee for every £100 of the Total Amount of the Ascertained Value of the Buildings, or, as the Case may be, the Total Amount of the Advance.
5 years .. .. .. .. £ s. d.
6 " .. .. .. .. 11 11 0
7 " .. .. .. .. 9 17 0
8 " .. .. .. .. 8 12 10
9 " .. .. .. .. 7 14 9
10 " .. .. .. .. 7 0 8
11 " .. .. .. .. 6 9 6
12 " .. .. .. .. 6 0 4
13 " .. .. .. .. 5 12 10
14 " .. .. .. .. 5 6 5
15 " .. .. .. .. 5 1 0
16 " .. .. .. .. 4 16 4
17 " .. .. .. .. 4 12 3
18 " .. .. .. .. 4 8 8
19 " .. .. .. .. 4 5 7
20 " .. .. .. .. 4 2 9
21 " .. .. .. .. 4 0 3
3 18 0
EXAMPLE.—If the ascertained value of the buildings is £225, and the number of years is 10, then .£6 9s. 6d. × 225 / 100 = half-yearly payment = £14 11s. 5d.
THIRD SCHEDULE.
New Zealand.)
LEASE in Perpetuity of Rural Land under “The Land Act, 1892,” and “The Land for Settlements Consolidation Act, 1900.”
THIS DEED, made the day of , one thousand , between His Majesty the King (who, with His heirs and successors, is hereinafter referred to as “the lessor”) of the one part and [Full name], of [Residence], in the Colony of New Zealand, [Occupation] (who, with executors, administrators, and permitted assigns, is hereinafter referred to as “the lessee”), of the other part.
Whereas the allotment of land described in the First Schedule hereto is rural land which has been acquired by the lessor under “The Land for Settlements Consolidation Act, 1900” (hereinafter called “the said Act”): And whereas, pursuant to the provisions of the said Act and the regulations in that behalf made thereunder (hereinafter called “the said regulations”), the lessee duly applied for a lease in perpetuity of the said allotment, and on the day of , one thousand , his application was duly granted by the Land Board of the Land District wherein the said allotment is situate (hereinafter called “the Land Board”): And whereas there are now situate on the said allotment the buildings specified in the Second Schedule hereto, the value whereof has been duly ascertained to be the sum therein mentioned: And whereas, pursuant to the provisions of the said Act and the said regulations, the said sum, together with interest thereon at the rate of five per centum per annum, computed from the first day of , one thousand , is payable by the lessee by the respective instalments and on the respective dates mentioned in the Second Schedule hereto: And whereas the capital value of the said allotment, apart from the said buildings, is :
Now this deed witnesseth that in consideration of the rent hereinafter reserved, and of the covenants, conditions, and agreements herein contained and implied and on the part of the lessee to be paid, observed, and performed, the lessor doth hereby demise and lease unto the lessee all that piece of land containing by admeasurement acres roods perches, a little more or less, situated in the Land District of , and being section numbered , of Block , in the Survey District of , as the same is more particularly described in the First Schedule hereto and delineated in the plan drawn thereon, and therein coloured red in outline; together with the rights, easements, and appurtenances to the same belonging: To hold the said several premises intended to be hereby demised unto the lessee for the term of nine hundred and ninety-nine years, to be reckoned from the first day of , one thousand , and including in addition the broken period between the date of this lease and such day: Yielding and paying therefor during the said term unto the Receiver of Land Revenue for the said Land District of , free from all deductions whatsoever, the clear annual rent of , computed from the said first day of , one thousand , and payable in manner following, that is to say:—
(a.) By a payment of before the execution of these presents, such payment (which has been duly made) being in respect of rent in advance for the first half-year, computed as aforesaid; and also
(b.) By the payment thereafter of half-yearly in advance on the first day of January and the first day of July in each and every year during the said term, the first of such payments to become due and to be made on the first day of , one thousand :
Next Page →
✨ LLM interpretation of page content
🗺️
Amended Regulations under the Land for Settlements Consolidation Act, 1900
(continued from previous page)
🗺️ Lands, Settlement & Survey21 November 1901
Land Regulations, Workmen's Homes, Lessee Qualifications, Improvement Requirements, Transfer Restrictions, Advances, Lease Conditions
NZ Gazette 1901, No 100