Hong Kong Ordinances

LAND (COMPULSORY SALE FOR REDEVELOPMENT) ORDINANCE - SECT 10

Basis of apportionment of expenses and proceeds

(1) The expenses of the auction or of the other means referred to in
section 5(1)(b) by which the lot is sold incurred by the trustees under an
order for sale shall be borne-

   (a)  where there is no purchaser of the lot, solely by the majority  owner
        of the lot; and

   (b)  where there is a purchaser of the lot, by the majority owner and
        minority owner of the lot as apportioned amongst them on the basis
        specified in Part 3 of Schedule 1.

(2) The trustees may deduct the expenses required to be borne by the
majority owner or any minority owner of the lot pursuant to subsection

(1) from any deposit money of the purchase price of the lot that is
apportioned to such owner.

(3) The apportionment between the majority owner and minority owner of the lot
the subject of an order for sale of-

   (a)  the proceeds of sale of the lot; and

   (b)  any deposit money forfeited as referred to in section 5(3)(b), shall
        be on the basis specified in Part 3 of Schedule 1.