Regulation 10 Amendment of regulation 1

for the definition of “current landlord” substitute—

• ““current landlord” means a person who is the landlord under a lease of premises in a relevant building^f1;”;

after the definition of “current landlord” insert—

• ““landlord group” has the meaning given in paragraph 3(4) of Schedule 8 to the Act;”

after the definition of “leaseholder” insert—

• ““named manager” means, in relation to a building, a person who is named in a lease as being the party with managing and repairing obligations in relation to the building or part of the building and who is a separate legal person from the freeholder of the building and the landlord of the building or part of the building;”

for the definition of “RMC” substitute—

• ““RMC” means a body corporate which is party to a lease of a building where—

  1. (a)

     the body corporate is limited by guarantee and the members of that body are tenants under leases of dwellings in the building (“leaseholders”), or

  2. (b)

     the majority of the shares of the body corporate are held by leaseholders; and”.