Section 221
Power of proprietors to lease for terms exceeding 3 years
of National Land Code (Revised - 2020)
(1)
Subject to sections 225 and 226, the proprietor of any alienated land may grant leases of the whole or any part thereof in accordance with the following provisions of this section.
251
National Land Code 379
Provisions of the
National Land Code
Modification
Act 828
National Land Code
Provisions of the
National Land Code
Modification
Section 221
In its application to the Federal Territory of Labuan, in subsection (3)−
(a)
substitute for the full stop the colon; and
(b)
insert the following proviso:
“Provided that any lease granted under any previous land law prior to the commencement of the extended Code shall lapse in accordance with the said law.”.
National Land Code 381
(2)
Every lease granted pursuant to this section shall be for a term exceeding three years.
(3)
The maximum term for which any lease may be so granted shall be—
(a)
ninety-nine years if it relates to the whole of any alienated land, and
(b)
thirty years if it relates to a part only thereof.
(4)
Every such lease shall be granted by an instrument in
Form 15a; and in any case where the lease relates to a part only of any alienated land, there shall be attached to the instrument a plan and description sufficient to enable the part to be accurately identified.