Paragraph 11 Business tenanciesI1
England and Wales Not yet in force
(1)
This paragraph applies only to—
(a)
the transfer of a freehold house under the LRA 1967, or
(b)
the grant of an extended lease of a house under the LRA 1967.
(2)
The standard valuation method is not compulsory for the property comprised in the current lease if that lease is a tenancy to which Part 2 of the Landlord and Tenant Act 1954 applies (see section 1(1ZC) of the LRA 1967).
Annotations
Commencement
- I1
Sch. 4 para. 11 not in force at Royal Assent, see s. 124(3)