What laws allow you to own property?
Under the State Land Acts
There are 5 types of grants of land available:
Freehold Leasehold
estates in fee simple leases; 7 - 99 years
estates in perpetuity
Short-term within 3 years
tenancy agreements
Definitions of each grants
Estate in fee simple
No need to pay land rent, need to pay property tax (statutory charge).
When do estate in fee simple arises?
1) the owner of land surrender his fee simple title to the State, exchange for grant of one or more new titles for sub-division, development, other purposes.
2) when state reserve land is no longer needed by the State, such reserves can be granted as an estate in fee simple.
There are 5 types of grants of land available:
Freehold Leasehold
estates in fee simple leases; 7 - 99 years
estates in perpetuity
Short-term within 3 years
tenancy agreements
temporary occupation licences(TOL)
Estate in fee simple
No need to pay land rent, need to pay property tax (statutory charge).
When do estate in fee simple arises?
1) the owner of land surrender his fee simple title to the State, exchange for grant of one or more new titles for sub-division, development, other purposes.
2) when state reserve land is no longer needed by the State, such reserves can be granted as an estate in fee simple.
Statutory extracts: Grants, Section 1418. Where State land constituting the whole or part of a State reserve for road, or other strip of State land, is situated adjoining land held, or to be held, by any person under a grant in fee simple, and that State land is no longer required, or not required by the State as such a reserve, or otherwise, the President may issue to that person a grant of that State land or any part thereof in fee simple.
Estate in perpetuity
a.k.a. Statutory Land Grant (SLG)
Land rent has been waived w.e.f Jan 1992, need to pay property tax (statutory charge), implied terms under the Act:
Leasehold has definite duration, is a reversionary interest, lessee owns the land during the lease, on expiry the land reverts back the the lessor.
a.k.a. Statutory Land Grant (SLG)
Land rent has been waived w.e.f Jan 1992, need to pay property tax (statutory charge), implied terms under the Act:
- right of state to search and take any mineral oil and given suitable compensation by Collector of Land Revenue;
- right of way by adjoining land owners who otherwise have no access to nearest public road,
- obligation to maintain boundary landmarks;
- right of state to take earth, clay, gravel, sand, stone, other minerals without compensation;
- right of state to lay and repair pipes, sewers etc;
- obligation not to open, dig for any oil, mines, minerals etc.
Leasehold has definite duration, is a reversionary interest, lessee owns the land during the lease, on expiry the land reverts back the the lessor.
Statutory extracts: Form and registration of leases |