A plain English explanation of this ACT planning and property term.
Grant means the grant by the Crown of land for a term of years, and includes— (a) a grant by or in the name of the Commonwealth or by the Federal Capital Commission; and (b) the grant of a new lease over part of the land in a surrendered lease.
The formal granting of a lease over land by the government for a set period, including a new lease over part of land from a surrendered lease.