S.L. 573.11 Art. 5Method of regularisation of title. 

The transfer of title granted by the Authority in accordance with these regulations may be effected as follows:

(a) by means of a contract of sale at the rates established by the Authority on the date of publication of the contract;

(b) by means of a perpetual emphyteutical concession, which ground rent shall be revisable every fifteen

(15) years, calculated from the date of publication of the contract, at a rate of fifteen per cent (15%). The emphyteuta shall have the option to redeem the ground rent after fifteen (15) years from the date of the emphyteutical grant, and thereafter only in the year in which the ground rent is revised. Such redemption shall be effected by payment of a lump sum equal to the amount of the ground rent, as revised, capitalised at a rate of five per cent (5%):

Provided that if the emphyteuta opts to redeem the ground rent prior to the first revision, specifically during the first fifteen (15) years from the date of the emphyteutical grant, such redemption shall be effected after the ground rent is revised in accordance with the rates indicated in Schedule II, and upon payment of a sum equivalent to the amount of the ground rent, as revised, capitalised at the rates indicated in the said Schedule.