Solatium payable to the lessee

General198612 sections

Statutory text

(1) Where a lease is terminated under Section 3 the Government shall pay to the lessee an amount of solatium.
- (a) equivalent to four months rent for every year of unexpired period of lease where such unexpired is five years or less; or
- (b) equivalent to three months rent for every year of unexpired period of lease where such unexpired period is more than five years but does not exceed ten years subject to a minimum amount equivalent to twenty months' rent; or
- (c) equivalent to two months rent for every year of unexpired period of lease where such unexpired period is more than ten years subject to a minimum amount equivalent to thirty months’ rent. Explanation:- For the purpose of computation of the years of unexpired period of lease under this sub-section any period not exceeding six months shall be ignored and any period exceeding six months shall be computed as one year.
(2) The amount payable under sub-section (1) shall be paid to the lessee in such manner and within such time as may be prescribed.

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