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116. Interpretation.- (1) A rent-free grant means a grant by a landlord of a right to hold land rent-free with or without consideration. (2) A grant of land at a favourable rate of rent means a grant held at a rent which, at the time when such grant was made, was below the rent generally payable by a tenant-at-will for land of the same class in the neighbourhood. (3) A village service grant means a grant made rent-free or at a favourable rate of rent on condition of rendering any service to the village community.    |
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