Leaseholds in St. John 's Act (R.S.N.L. 1990, c. L-10).

The present Act lays down provisions relating to certain leasehold interests within the City of St. John. The Act contains at the outset a definition clause referring to various terms therein employed, such as “ancient lease”, “arbitrator”, “building”, “city”, “commercial use”, “modern lease”. The text consists of 24 sections of which the most important ones are: City to acquire freehold (2.1); Modern lease (3); Ancient lease in residential use (4); Lease considered renewed (5); Ancient lease in commercial use (6); Land not in use (7); Rights of assignees (8); Rights of sublessee (9); Duty to assign freehold (10); Exemption for city (11); Currency of lease (12); Appointment of arbitrator (13); Attorney for absentee landlord (14); Registrar’s powers (15); Notice to exercise rights (16); Application to registrar (17); Referral to arbitrator (18); Arbitration procedures (19); Disposal of money award (20); Landlord improvements (21); Form of reference and hearing (22); Apportionment of rent (23); Respective reduction of rents (24).