s 20 Surrender of title
20.—(1) If the owner of the land comprised in any Crown grant or lease, or State grant or lease, desires to surrender the owner’s title to the land in exchange for one or more new titles for development, subdivision or other purposes, the owner may apply to the President to accept the surrender of the owner’s existing title to the land and, in lieu thereof, to regrant one or more titles for the whole of the land or in parcels, subject to any terms and conditions imposed by the President for accepting the surrender. (2) When the President is satisfied with the title of the applicant and the applicant has agreed to accept all the terms and conditions imposed by the President under subsection (1), the President has to accept a surrender of the grant or lease and issue to the applicant, in lieu of the grant or lease surrendered, one or more new grants or leases for the land or in parcels. (3) The applicant must pay all costs and expenses of, or consequent on, the application.[13