Paragraph 4 No service charge payable where lease below certain valueI1

England and Wales

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

Sch. 8 para. 6(5) word omitted by Leasehold and Freehold Reform Act 2024 Sch. 9 para. 19(a)
Sch. 8 para. 8 word substituted by Leasehold and Freehold Reform Act 2024 Sch. 9 para. 19(b)(i)
Sch. 8 para. 8 words substituted by Leasehold and Freehold Reform Act 2024 Sch. 9 para. 19(b)(ii)
Sch. 8 para. 17 omitted by Leasehold and Freehold Reform Act 2024 Sch. 11 para. 29(b)

(1)

No service charge is payable under a qualifying lease in respect of a relevant measure relating to any relevant defect if the value of the qualifying lease at the qualifying time was less than—

(a)

£325,000, if the premises demised by the qualifying lease are in Greater London;

(b)

£175,000, in any other case.

(2)

For the purposes of this paragraph the value of a qualifying lease at the qualifying time is its value determined in accordance with paragraph 6 and regulations made under it.

Annotations

Commencement

I1: Sch. 8 para. 4 in force at 28.6.2022, see s. 170(3)(a)