S.L. 573.16 Art. 7Emphyteutical concession terms.

The new emphyteutical concession term in accordance with these regulations shall be for a period of fifty (50) years to be reckoned from the date of publication of the emphyteutical deed:

Provided that when the property subject to the emphyteutical concession has a footprint exceeding an area of one 2 thousand five hundred square metres (1500m ), such transfer of property shall be subject to the provisions of article 31(c) of the Act.