{
  "url": "https://openlegislation.uk/law-of-property-act-1925/schedule-FIRST/part-VIII/paragraph-1",
  "json_url": "https://openlegislation.uk/law-of-property-act-1925/schedule-FIRST/part-VIII/paragraph-1.json",
  "legislation": "ukpga/Geo5/15-16/20",
  "legislation_title": "Law of Property Act 1925",
  "legislation_url": "https://openlegislation.uk/law-of-property-act-1925",
  "path": "schedule/FIRST/part/VIII/paragraph/1",
  "kind": "paragraph",
  "number": "1",
  "heading": null,
  "text": "All leasehold land, which immediately before the commencement of this Act, was vested in a first or only mortgagee by way of assignment of a term of years absolute shall, from and after the commencement of this Act, vest in the first or only mortgagee for a term equal to the term assigned by the mortgage, less the last ten days thereof, but subject to a provision for cesser corresponding to the right of redemption which at such commencement was subsisting with respect to the term assigned.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/Geo5/15-16/20/schedule/FIRST/part/VIII/paragraph/1",
    "retrieved_at": "2026-10-29T11:43:09.274032+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}