ACQUISITION AND DISPOSAL OF LAND
Agreement to make payment of betterment fee a charge on land
82. Any person liable to the payment of a betterment fee may, at his option, instead of making a payment thereof to the Authority, execute an agreement with the Authority to leave the said payment outstanding as a charge on his interest in the land, subject to the payment in perpetuity of interest at the rate of five per cent per annum, the first annual payment of such interests to be made one year from the date referred to in section 81.
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Ministry of Law, Justice and Parliamentary Affairs