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Paragraph 2A No administration charge payable for certain rentsF1

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

(1)

No administration charge is payable for, in connection with or in respect of, the payment of a relevant rent.

(2)

A “relevant rent” is a rent (or any part of a rent) which, by virtue of the Leasehold Reform (Ground Rent) Act 2022, is permitted only to be a peppercorn rent.

(3)

“Peppercorn rent” has the same meaning as in that Act (see section 4(3) of that Act).

Annotations

Textual amendments

F1

Sch. 11 para. 2A and cross-heading inserted (30.6.2022 for specified purposes, 1.4.2023 in so far as not already in force) by Leasehold Reform (Ground Rent) Act 2022 (c. 1), ss. 18(3), 25(2) (with s. 23); S.I. 2022/694, regs. 2, 3, 4

Notes on Part 1

Textual amendments

F1

Sch. 11 Pt. 1 heading substituted (30.6.2022 for specified purposes, 1.4.2023 in so far as not already in force) by Leasehold Reform (Ground Rent) Act 2022 (c. 1), ss. 18(2), 25(2) (with s. 23); S.I. 2022/694, regs. 2, 3, 4