Victorian Current Acts Victorian Current Acts(1) The University of Melbourne may grant a lease of the land granted under section 8 or any part (including a stratum) of that land for any purpose not inconsistent with and not detrimental to the reservation of that land.
(2) A lease granted under subsection (1) may be for a term not exceeding 25 years.
(3) A lease granted under subsection (1)—
(a) may contain provision for the term of the lease to be extended one or more times, but the aggregate of the initial term and any extensions of the term must not exceed 25 years; and
(b) may contain provision for a lessee to remain in occupation of the land under the same terms and conditions as existed under the lease, at the discretion of the lessor, for a period of not more than 3 months from the expiry of the lease; and
(c) is subject to any covenants, exceptions, reservations and conditions that are determined by the University of Melbourne.
(4) Without limiting subsection (3), a lease of a stratum of the land granted under subsection (1) may include provisions relating to any of the following—
(a) access to and use of the stratum of land to be leased; and
(b) support of the stratum or other land or of any building or structure erected or to be erected on the land; and
(c) any necessary rights of passage or provision of services (including drainage, sewerage or the supply of water, gas, electricity or communications systems) to or through the stratum, where those rights are reasonably necessary for the reasonable enjoyment of the stratum or other land; and
(d) if the surface of the land above the stratum is a road, the prevention of interference with the public use of that land as a road by the exercise of any of the lessee's rights or obligations under the lease.