# Leasehold and Freehold Reform Act 2024, Paragraph 27: Other consequential amendments to the LRHUDA 1993

Extent: E+W
Status: prospective

(1) Schedule 2 (special categories of landlords) is amended as follows.
(2) In paragraph 1 (interpretation), omit sub-paragraph (2).
(3) In paragraph 5 (trustees)—
(a) in sub-paragraph (1), for the words from “sum” to “Chapter I” substitute “share payable to the landlord, as determined under Part 6 of Schedule 4 to the Leasehold and Freehold Reform Act 2024, of the purchase price in respect of the acquisition of the interest,”;
(b) in sub-paragraph (2)(a), for “premium” substitute “share of the price payable”.
(4) In paragraph 7 (universities and colleges)—
(a) in sub-paragraph (1), for the words from “sum” to “Chapter I” substitute “share payable to the landlord, as determined under Part 6 of Schedule 4 to the Leasehold and Freehold Reform Act 2024, of the purchase price in respect of the acquisition of the interest”;
(b) in sub-paragraph (2)(a), for “premium” substitute “share of the price payable”.
(5) In paragraph 8 (ecclesiastical landlords)—
(a) in sub-paragraph (2)(a), omit “or premium”;
(b) in sub-paragraph (3)(a)—
(i) in the words before paragraph (i), after “by way of” insert “a share of”;
(ii) in paragraph (i), for “for any interest in the property on its acquisition” substitute “in respect of the acquisition of any interest in the property”;
(iii) in paragraph (ii), for “a premium” substitute “the price payable”;
(c) in sub-paragraph (4)(b)—
(i) in the words before paragraph (i), after “by way of” insert “a share of”;
(ii) in paragraph (i), for “for any interest in property on its acquisition” substitute “in respect of the acquisition of any interest in property”;
(iii) in paragraph (ii), for “a premium” substitute “the price payable”.

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Source: https://www.legislation.gov.uk/ukpga/2024/22/schedule/7/paragraph/27 (the official version)
Page: https://openlegislation.uk/leasehold-and-freehold-reform-act-2024/schedule-7/paragraph-27
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.