National Land Code (Revised - 2020) · Updated to 15 Oct 2020 · Chapter 1 · Powers of leasing, etc.
224. Calculation of terms of leases and tenancies
Feedback & supportIn determining for the purposes of this Chapter whether any term for which land is granted exceeds any specified number of years—
land
“land” includes— (a) that surface of the earth and all substances forming that surface; (b) the earth below the surface and all substances therein; (c) all vegetation and other natural products, whether or not requiring the periodical application of labour to their production, and whether on or below the surface; (d) all things attached to the earth or permanently fastened to anything attached to the earth, whether on or below the surface; and (e) land covered by water;
if the term is from week to week, month to month, year to year, or on any other periodic basis, it shall be treated as a term for a period equal to its minimum possible duration; and 253
National Land Code 383
Provisions of the
National Land Code
Modification
Subsection 223(3)
In its application to the Federal Territory of Labuan, delete this subsection.
if the term is for a fixed period, no account shall be taken of the fact that it is capable of renewal in pursuance of an option, or is liable to be determined before the expiry of that period by the giving of notice or the happening of any other event.