LAND TITLES ORDINANCE
Ord. No. 26 of 2004
A1301
- (i) the legal estate in the land held under the Government lease or the agreement for the Government lease (but excluding any case where the person does not hold the full unexpired term of the lease of the land); and
- (ii) all rights attaching to the land which may be exercised by virtue of that legal estate.
- (b) Where paragraph (a)(i) of the definition of “owner” in section 2(1) is applicable and the land is held under an agreement for a Government lease in respect of which any condition precedent has not been complied with or has not been deemed to have been complied with under section 14 of the Conveyancing and Property Ordinance (Cap. 219), there shall vest in the person who is registered as the owner—
- (i) the equitable interest in the land held under that agreement (but excluding any case where the person does not hold the full unexpired term of the agreement for lease); and
- (ii) all rights attaching to the land which may be exercised by virtue of that equitable interest.
- (c) Where paragraph (a)(ii) of the definition of “owner” in section 2(1) is applicable and the land is held under a Government lease or an agreement for a Government lease in respect of which a Government lease is deemed to have been issued under section 14 of the Conveyancing and Property Ordinance (Cap. 219), there shall vest in the person who is registered as the owner—
- (i) the legal estate of the undivided share in the land (but excluding any case where the person does not hold the full unexpired term of the lease of the land); and
- (ii) all rights attaching to the land which may be exercised by virtue of that legal estate.
- (d) Where paragraph (a)(ii) of the definition of “owner” in section 2(1) is applicable and the land is held under an agreement for a Government lease in respect of which any condition precedent has not been complied with or has not been deemed to have been complied with under section 14 of the Conveyancing and Property Ordinance (Cap. 219), there shall vest in the person who is registered as the owner—
- (i) the equitable interest of the undivided share in the land (but excluding any case where the person does not hold the full unexpired term of the lease of the land); and
- (ii) all rights attaching to the land which may be exercised by virtue of that equitable interest.
