Section 3: Methods of granting lease
consolidated text (as at 2018, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
3. Methods of granting lease
(1) The Minister may—
(a) order a lease to be put up for public auction;
(b) order that tenders be called for the grant of a lease, the Government not being bound to accept the highest or any tender; or
(c) grant a lease on such terms and conditions as he may determine.
(2) (a) For the purpose of securing the observance, by the adjudicatee,
of a lease put up for public auction, of the terms and conditions of that
lease, the adjudicatee shall, immediately after the adjudication, deposit in the
hands of the auctioneer, a sum equal to one year’s rent, or subscribe a security
bond, together with 2 sureties, in a sum equivalent to one year’s rent.
(b) Where the adjudicatee does not make the deposit or subscribe
the security specified in paragraph (a), the adjudication shall be annulled and
the lease put up for auction anew.
(3) (a) A deposit made under subsection (2) shall be refunded or, where
a security bond has been subscribed, the bond shall be null and void, at the
expiry of the original lease or on termination.
(b) The deposit or bond shall be forfeited or estreated, as the case
may be, where the adjudicatee fails to comply with the lease or where the
lease is cancelled under section 5, 8 or 9.
[S. 3 repealed and replaced by Act 3 of 1983.]