Government Lease and Deed of Mutual Covenant (DMC)
Don’t forget to read the Government Lease and the DMC (or the draft DMC) which contains important information for prospective buyers. A Government Lease states the lot number, lease term, user restrictions, etc. while a DMC includes provisions such as definition of common areas, principle of fixing management fee, ownership of the rooftop and external walls and specific rights reserved to the developer, etc. Sales brochures for development under the Lands Department Consent Scheme will contain salient points of the Government Lease and Deed of Mutual Covenant.