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Written Laws (Miscellaneous Amendments) Act, 2018 (No. 1 of 2018).

Country/Territory
United Republic of Tanzania
Document type
Legislation
Date
2018
Source
FAO, FAOLEX
Original source
Gazette of the United Republic of Tanzania No. 6 of 9 February 2018.
Long title
An Act to amend certain written laws.
Subject
Agricultural & rural development, Land & soil
Keyword
Credit Business/industry/corporations Land tenure Use restrictions Foreign land tenure
Geographical area
Africa, Eastern Africa, Least Developed Countries
Abstract

This Act amends various written laws including the Land Act. It inserts in that Act new sections on the mortgage of land and investments in Tanzania based on obtained from a mortgage from a local or foreign bank. Such money shall be invested in Tanzania. It shall,- (a) where the mortgaged land is developed, be utilized for further development of the land, for investments or for other purposes; and (b) where the mortgaged land is undeveloped or underdeveloped, be utilized to develop part or whole of such mortgaged land. A Mortgagor shall within six months submit to the Commissioner information as to the manner in which the money obtained from the mortgage is invested to develop the mortgaged land.

Full text
English
Website
www.lrct.go.tz

References - Legislation

Amends

Land Act, 1999 (No. 4 of 1999).

Legislation | United Republic of Tanzania | 1999

Keyword: Framework law, Basic legislation, Institution, Land reform, Cadastre/land registration, Lease, Contract/agreement, Court/tribunal, Dispute settlement, Servitude, Gender, Land tenure, Traditional rights/customary rights, Freshwater resources management, Wetlands, Water rights

Source: FAO, FAOLEX