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PARLIAMENT PASSES LAND TITLES (AMENDMENT) BILL 2016

FRIDAY 29TH APRIL 2016
Parliament has passed the Land Titles (Amendment) Bill 2016 on Wednesday the 27th of April 2016.
The Land Titles Bill was to amend the Land and Titles Act (Cap.133) to provide a right to resume certain fixed term estates.
It sought to amend the Land Titles Act (cap.133) by inserting a new section to allow the Land Board to resume for public purposes all or part of a fixed – term estate automatically created under section 100 of the Act, by:

1. Giving the owner of the fixed – term estate six months written notice of the resumption; and
2. Paying the fixed-term estate owner reasonable compensation for the resumption, in consideration of the condition of the land, the value of any improvements to the land, and the remaining period of the fixed – term.

The Act will become Law and be effective after it is being gazette