Hong Kong Ordinances

LAND TITLES ORDINANCE - SECT 49

Long term leases

not yet in operation

(1) An application for the registration of a long term lease shall be made by
the first lessee of the long term lease granted by the owner of the
registered land on or after the date of first registration of the land.

(2) Where, on the grant of a long term lease by the owner of the
registered land on or after the date of first registration of the land, the
owner has, or ought reasonably to have, knowledge of an overriding  interest
which might affect the long term lease—

   (a)  the owner shall, notwithstanding any stipulation to the contrary, at
        his own expense provide the first lessee of the long term  lease with
        full particulars of the interest; and

   (b)  the first lessee shall include the particulars provided to him under
        paragraph (a) in the application presented to the Registrar under
        subsection (1).

(3) The Registrar may register a long term lease which is the subject of an
application under subsection (1) if the Registrar is satisfied that the
application complies with the provisions of this Ordinance applicable to it.

(4) The Registrar shall register a long term lease which is the subject of an
application under subsection (1) by—

   (a)  making an entry in the Title Register specifying that the applicant is
        the lessee of the long term lease; and

   (b)  entering such other particulars in the Title Register relating to the
        lease as the Registrar considers appropriate.

(5) The date of first registration of a long term lease registered under this
section shall be the date on which the application for registration of the
lease was delivered to the Land Registry.