WHAT IS LEASE RENEWAL?
Renewal of lease is granted by the government through the NLC when the lessee applies for an extension of term after the existing term has expired. For example in the above case if the lessee applies for an extension after 1st January 2019 at the time when his lease expires then he will be granted a renewal of lease through re-allocation. An allotment letter is issued granting the person the land with conditions. In renewal of the lease, since the lease term has expired the land reverts to the lessor who could be either the national or county government. The lessor consequently will re-allocate to the lessee if they meet all the conditions of the previous lease and the land is not required for a public purpose. The new term is given with effect from the date of expiry of the old term.
wordpress theme jazzsurf.com