S.L. 573.16 Art. 11Payment of ground-rent and premium. 5

(1) If the ground rent as computed in regulation 8

results as being lower than the ground rent or rent of the former emphyteutical concession or lease, the higher ground rent or rent rate shall be retained in the new emphyteutical concession deed.

(2) The ground rent shall become payable one (1) year in advance from the date of the signing of the deed.

(3) The new emphyteuta shall pay a premium equivalent to one (1) year ground-rent on the date of signing of the deed. OPERATOR OF GOVERNMENT-OWNED COMMERCIAL

PROPERTY