# Commonhold and Leasehold Reform Act 2002, Paragraph 1: Law of Property Act 1922 (c. 16)


At the end of paragraph 5 of Schedule 15 to the Law of Property Act 1922 (perpetually renewable leases) (which becomes sub-paragraph (1)) there shall be added—
“(2) Sub-paragraph (3) applies where a grant—
(a) relates to commonhold land, and
(b) would take effect by virtue of sub-paragraph (1) as a demise for a term of two thousand years or a subdemise for a fixed term.
(3) The grant shall be treated as if it purported to be a grant of the term referred to in sub-paragraph (2)(b) (and sections 17 and 18 of the Commonhold and Leasehold Reform Act 2002 (residential and non-residential leases) shall apply accordingly).”

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Source: https://www.legislation.gov.uk/ukpga/2002/15/schedule/5/paragraph/1 (the official version)
Page: https://openlegislation.uk/commonhold-and-leasehold-reform-act-2002/schedule-5/paragraph-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.