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MAORI VESTED LANDS ADMINISTRATION ACT 1954 - SECT 20

Lessee to pay for lessor's improvements when electing to take new lease

20 Lessee to pay for lessor's improvements when electing to take new lease

In requiring a lessee to make the election referred to in paragraph (b) of subsection (1) of section 15 , the Māori Trustee shall impose a condition that, where the lessee elects to take a new lease, he shall pay to the Māori Trustee an amount equivalent to the value, as shown by the certificate of valuation under section 12 , of any improvements other than the improvements effected by the lessee.
History: Section 20: amended, on 1 July 2009, pursuant to section 30(2)(a) of the Māori Trustee Amendment Act 2009 (2009 No 12).



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