perty: (1) Notwithstanding anything contained elsewhere in this
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hapter, a contract of lease of any immovable property shall be
concluded in writing.
(2) While leasing any immovable property for a period of
more than ten years, the contract of lease, setting out such matter,
shall be registered in a body legally authorized for that purpose.
(3) Notwithstanding anything contained elsewhere in this
hapter, no immovable property can, without consent of the
Government of Nepal, be leased to a person who cannot acquire
ownership in any immovable property in Nepal according to law,
for the purpose of farming, constructing a building or housing and
land development.
(4) In returning any building, shed or other structure built
by the lessee, or the garden, forest or trees located, in the land
leased under the contract of lease to the lessor upon the expiry of
the validity period of the contract of lease, except as otherwise
provided for in the contract, the lessee shall be deemed to have right
and ownership in such building, shed or other structure or garden,
forest or trees located therein, and the lessee shall accordingly
remove such building, shed, structure, garden, forest or trees from
such land.
(5) Notwithstanding anything contained in sub-section (4),
if the lessor desires to take such building, shed or other structure or
garden, forest or trees located in such land on the as is where is
basis, the lessor shall pay the mutually agreed price for the same.
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