Paragraph 34

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

Sch. para. 3 word substituted by Housing Measure 2011 (Consequential Amendments to Subordinate Legislation) 2012 Sch. para. 2(2)(a)
Sch. para. 5 words substituted by Housing Measure 2011 (Consequential Amendments to Subordinate Legislation) 2012 Sch. para. 2(2)(b)(i)
Sch. para. 5 words inserted by Housing Measure 2011 (Consequential Amendments to Subordinate Legislation) 2012 Sch. para. 2(2)(b)(i)
Sch. para. 5(3) inserted by Housing Measure 2011 (Consequential Amendments to Subordinate Legislation) 2012 Sch. para. 2(2)(b)(ii)
Sch. para. 5(3) word substituted by Housing Measure 2011 (Consequential Amendments to Subordinate Legislation) 2012 Sch. para. 2(2)(b)(iii)
Sch. para. 38(a)(iii) words added by Housing Measure 2011 (Consequential Amendments to Subordinate Legislation) 2012 Sch. para. 2(2)(c)

In section 151^f1 (terms and effect of conveyance or grant: general)—

(a)

in subsection (1)—

(i)

omit the words “a grant of a lease so executed shall conform with Parts I and III of that Schedule;”, and

(ii)

omit the words “or lease” in both places in which those words occur;

(b)

after subsection (1) insert the following subsection—

“(1A)

The freeholder shall—

(a)

execute the conveyance on its own behalf and in the names of the landlord and the intermediate landlord or landlords (if any) and it shall be binding on those authorities or bodies, and

(b)

secure that the conveyance states that it is a conveyance to which this subsection applies.”; and

(c)

for subsection (2) substitute—

“(2)

The secure tenancy, the lease of the landlord and the lease of each of the intermediate landlords (if any), in so far as any such lease relates to the dwelling-house, come to an end and are extinguished on the grant to the tenant of an estate in fee simple in pursuance of the right to acquire on rent to mortgage terms; and if there is then a subtenancy deriving out of the secure tenancy, section 139 of the Law of Property Act 1925 (effect of extinguishment of reversion) applies as on a merger or surrender.”.

Annotations

Footnotes

f1: Section 151 was inserted by section 116 of the Leasehold Reform, Housing and Urban Development Act 1993.