Paragraph 3 Retirement housing leasesI1

England and Wales Not yet in force

(1)

A lease that—

(a)

is a retirement housing lease, and

(b)

meets any further conditions which may be specified in regulations made by the Secretary of State.

(2)

A lease is a retirement housing lease if—

(a)

it is a term of the lease that the house comprised in the lease may be occupied only by persons who have attained a minimum age,

(b)

that minimum age is not less than 55, and

(c)

the house comprised in the lease is part of a retirement development or scheme in which the leases of all the houses in that development or scheme meet the requirements set out in paragraphs (a) and (b).

(3)

A statutory instrument containing regulations made under sub-paragraph (1)(b) is subject to the negative procedure.

Annotations

Commencement

I1: Sch. 1 para. 3 not in force at Royal Assent, see s. 124(3)