(1) Subject to subsection (2), no person shall— (a) subdivide any property; or
(b) enter into any agreement—
(i) for the change of ownership of any portion of a property; or
(ii) for the lease of any portion of a property for a period of ten years or more or for the lifetime of the lessee; or
(iii) conferring on any person a right to occupy any portion of a property for a period of ten years or more or for his lifetime; or
(iv) for the renewal of the lease of, or right to occupy, any portion of aproperty where the aggregate period of such lease or right to occupy, including the period of the renewal, is ten years or more; or
(c) consolidate two or more properties into one property; except in accordance with a permit granted in terms of section forty:
Provided that an undivided share in any property, whether or not it is coupled with an exclusive right of occupation, shall not be regarded for the purposes of this subsection as a portion of that property. (2) Subsection (1) shall not apply to—
(a) land within the area under the jurisdiction of a municipal council or town council which is owned by the municipality or town concerned; or
(b) land within a local government area administered and controlled by a local authority which is owned by that local authority or by the State; or
(c) an agreement for the lease of, or right to occupy, any building or portion of a building where the occupation thereof in terms of that agreement would not be inconsistent with any operative master plan or local plan applicable to, or any condition registered against the title to, the property concerned.
(d) land which is to be alienated by the State subject to the condition that it shall be consolidated with other land;
(e) land which falls within the jurisdiction of a municipality or town which is to be alienated by the municipality or town subject to the condition that it shall be consolidated with other land.