(1) The Minister may
—
(a)
grant an option to purchase the fee simple in, or lease, any Crown land; and
(b) fix
the consideration to be paid for any such option; and
(c)
impose conditions on the exercise of any such option.
(2) A purchaser or
lessee under an option granted under subsection (1) may, with the permission
of the Minister, offset the whole or any portion of the relevant consideration
fixed under that subsection against the purchase price or rent payable in
respect of the land concerned.