CITY LEASEHOLDS
EXTENSION OF PERIODS
The Legislation Committee reported to the Citv Council on Wednesday night that representations had been made by several lessees of corporation leasehold sections regarding the rental which would be required to be paid for the first term of 21 years in the event of the council extending.the renewal period of certain leases from 14 to 21 years ! The council offered to grant these lessees and others an extension of the renewal period of their leases from 14 to 21 years conditionally upon txie leasees severally agreeing to pay an annual rental for the first term of 21 years fixed at 4J per cent, on a special valuation. It was claimed by seme of the lessees that the rentals fixed bv the council were excessive The matter was at present receiving full consideration, arid a further report will FuZx s* th
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Bibliographic details
Dominion, Volume 19, Issue 253, 9 July 1926, Page 8
Word Count
145CITY LEASEHOLDS Dominion, Volume 19, Issue 253, 9 July 1926, Page 8
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