Chapter XI — GRANTS

Section 116Interpretation

Section 116: Interpretation

116. Interpretation

(1)

A rent-free grant means a grant by a landlord of a right to hold land rentfree with or without consideration.

(2)

A grant of land at a favourable rate of rent means a grant held at a rent which, at the time when such grant was made, was below the rent generally payable by a tenant-at-will for land of the same class in the neighbourhood.

(3)

A village service grant means a grant made rent-free or at a favourable rate of rent on condition of rendering any service to the village community.