This Act amends the Land Leases Act [CAP 163] in relation with various matters including; information to be provided to the Director; registration of leases; and payment for leases. The Act also inserts new sections on: change of lease boundary (31A); effect of striking off of corporations from the register (32E); development requirement for certain leases, including rural agricultural lease development (38A); payment for transfer of urban lease (48A); surrender and subdivision of lease for purposes of rectification (49A); settling of taxes and other charges (50B); declaration of transfers by corporations (60A).