{
  "url": "https://openlegislation.uk/leasehold-and-freehold-reform-act-2024/schedule-8/paragraph-23",
  "json_url": "https://openlegislation.uk/leasehold-and-freehold-reform-act-2024/schedule-8/paragraph-23.json",
  "legislation": "ukpga/2024/22",
  "legislation_title": "Leasehold and Freehold Reform Act 2024",
  "legislation_url": "https://openlegislation.uk/leasehold-and-freehold-reform-act-2024",
  "path": "schedule/8/paragraph/23",
  "kind": "paragraph",
  "number": "23",
  "heading": "Meaning of “shared ownership lease”",
  "text": "In section 101(1) (general interpretation of Part 1)—\n(a) after the definition of “interest” insert—\n““landlord’s share”, in relation to a shared ownership lease, means the share in the premises demised by the lease which is not comprised in the tenant’s share;”;\n(b) after the entry relating to “lease” and “tenancy” insert—\n““shared ownership lease” means a lease of premises—\n(a) granted on payment of a premium calculated by reference to a percentage of the value of the premises or of the cost of providing them, or\n(b) under which the tenant (or the tenant’s personal representatives) will or may be entitled to a sum calculated by reference, directly or indirectly, to the value of the premises;\n“tenant’s share”, in relation to a shared ownership lease, means the tenant’s initial share in the premises demised by the lease, plus any additional share or shares in those demised premises which the tenant has acquired;”.",
  "extent": "E+W",
  "status": "prospective",
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Sch. 8 para. 23 not in force at Royal Assent, see s. 124(3)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2024/22/schedule/8/paragraph/23",
    "retrieved_at": "2026-11-07T03:34:48.566347+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."
}