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Extension of section 10, condition 7.
[New]
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12.—A lease for a term of not less than fifty years shall be deemed to comply with condition 7 in section 10 if—
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(a) the lease was granted partly in consideration of an undertaking by the lessee to carry out specified works on the premises demised by the lease,
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(b) the amount to be expended on the works was not specified,
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(c) the works were carried out by the lessee, and
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(d) it is proved that the reasonable cost of the works taken either alone or together with any fine or other payment mentioned in that condition was not less than fifteen times the yearly amount of the rent or the greatest rent reserved by the lease, whichever is the less.
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