Cap. 573 Art. 35Termination of emphyteusis.

(1) The land shall automatically revert back to the competent authority upon expiry of the emphyteutical term, provided that the emphyteuta shall have the right of first refusal in the event that the competent authority opts to dispose again of that land following the lapse of the emphyteutical term.

(2) The competent authority may also after the expiration of temporary emphyteusis decide to extend the temporary emphyteusis for a specific period of time on payment of a yearly revisable ground rent that reflects the value of the land in the market.