Paragraph 12 InterpretationI1I2

In this Part of this Schedule—

• “the commencement date” means the day on which section 3(1) comes fully into force;

• “exempt overseas entity” means an overseas entity of a description specified in regulations under section 34(6);

• “lease” has the meaning given by section 113(1) of the Land Registration etc. (Scotland) Act 2012;

• “plot of land” has the meaning given by section 113(1) of the Land Registration etc. (Scotland) Act 2012;

• “pre-commencement period” means the period beginning with 8 December 2014 and ending immediately before the commencement date;

• “proprietor” has the meaning given by section 113(1) of the Land Registration etc. (Scotland) Act 2012;

• “transitional period” has the meaning given by section 41(10).