Part 3Assessment, payment, and recovery of rates and remission, postponement, and write-off of rates
Assessment, payment, and recovery: Rating sales and leases
72Further powers and duties of Registrar
Despite section 71, if the Registrar has placed a reserve on the rating unit and the unit is not sold or leased by public auction or public tender, the Registrar may, with the consent of the local authority, sell or lease the unit by private treaty for any consideration that the Registrar thinks reasonable.
The Registrar must fix the term of a lease under this section, the total term of which (including any renewals) must not exceed 14 years.
The Registrar may include covenants and conditions that he or she considers are fair and equitable.


