Paragraph 32 Lease extensions: the “eligible persons” and “qualifying transactions”I1

England and Wales Not yet in force

(1)

In the case of a lease extension, a person is an “eligible person” if —

(a)

the statutory lease is granted in whole or in part out of a relevant interest of the person, or

(b)

the whole or a part of a relevant interest of the person is deemed to be surrendered and regranted under the LRA 1967 or the LRHUDA 1993 as a result of the claim for the lease extension, or

(c)

the person is the landlord under a lease which is varied under paragraph 12A of Schedule 1 to the LRA 1967 or paragraph 12 of Schedule 11 to the LRHUDA 1993 as a result of the lease extension.

(2)

The eligible person’s “qualifying transaction” is—

(a)

where sub-paragraph (1)(a) or (b) applies, the grant of the statutory lease, or

(b)

where sub-paragraph (1)(c) applies, the variation of the lease.

Annotations

Commencement

I1: Sch. 4 para. 32 not in force at Royal Assent, see s. 124(3)