EXEMPTION FROM REGISTRATION OF LEASES

Parliament of Singapore · 29 June 1998 · 9th Parliament

Official Report, 29 June 1998, Vol 69, Issue 2 · Open in the reader (summaries, search, filters)

Shriniwas RaiS Jayakumar
2

Mr Shriniwas Rai asked the Minister for Law if he will consider allowing leases of up to 10 years exemption from registration.

Prof. S. Jayakumar: There are no compelling reasons to make the exemption proposed by the Member. The Land Titles Act was amended in 1993 to exempt leases of 7 years or less, including the option to renew, from registration. Prior to that amendment, only leases of up to 3 years had been exempted. The amendment was enacted after a Select Committee hearing and took into account the need to balance the interests of mortgagees, owners and tenants.

Source: Singapore Parliament Official Report (Hansard) for 29 June 1998. Republished on SGParliament.