S.L. 573.12 Art. 5Transfer and conversion into perpetual emphyteusis. 

The transfer of title granted by the Authority in accordance with these regulations may be effected by means of a perpetual emphyteutical concession, which shall be revisable every fifteen (15) years from the date of publication of the deed at the 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 always in the year in which the ground rent is revised. Such redemption shall be effected by the payment of a sum equivalent to the amount of the groundrent, as revised and capitalised at the rate of five per cent (5%):

Provided that if the emphyteuta decides to redeem the ground rent prior to the first revision specifically during the first fifteen (15) years from the date of the emphyteutical grant, in such case the 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 and capitalised at the rates indicated in Schedule II:

Provided further that all conditions of the original temporary emphyteusis which are not applicable to a perpetual emphyteusis shall cease to have effect.