Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsAmendment of section 7 of Chapter 270
| 2. Section 7 of the Special Areas (Colombo) Development Ordinance, hereinafter referred to as the " principal enactment", is hereby amended, in subsection (2) of that section, by the substitution, for all the words, figures and letters from " shall be payable" to the end of that subsection, of the following :- " shall be payable by the board to the person who for the time being would be entitled to occupy such land but for the fact that possession thereof is so retained and the rent so payable shall be a sum equal to the rent which might reasonably be expected to be payable by a tenant in occupation of such land during that period under a lease granted immediately before the beginning of that period whereby the tenant undertakes to pay all usual rates and taxes and to bear the cost of the repairs and insurance and the other expenses, if any, necessary to maintain such land in a state to command that rent. ". |