An MDC may not dispose of land for less than the best consideration which can reasonably be obtained unless the Mayor consents.
Subsection (1) does not apply to a disposal by way of a short tenancy if the disposal consists of—
the grant of a term of not more than 7 years, or
the assignment of a term which, at the date of assignment, has not more than 7 years to run.
An MDC may not dispose of land which has been compulsorily acquired by it under this Chapter unless the Mayor consents.
Subject to subsections (1) to (3), an MDC may dispose of land held by it in any way it considers appropriate.