# Leasehold and Freehold Reform Act 2024, Section 3: Leases which have a long term

Extent: E+W
Status: prospective

(1) A lease has a “long term” in any of cases A to D.
(2) Case A: the lease is granted for a term certain exceeding 21 years.
(3) Case B: section 149(6) of the Law of Property Act 1925 applies to the lease (lease granted for life or until marriage or civil partnership) and the lease accordingly takes effect with a term fixed by law.
(4) Case C: the lease is granted with a covenant or obligation for perpetual renewal and accordingly takes effect with a term fixed by law - unless it is a sub-lease with a term fixed by law of 21 years or shorter.
(5) Case D: the lease is capable of forming part of a series of leases whose terms would extend beyond 21 years (see section 4).
(6) In determining whether a lease has a long term, it is irrelevant if the lease is, or may become, terminable by notice, re-entry or forfeiture.

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Source: https://www.legislation.gov.uk/ukpga/2024/22/section/3 (the official version)
Page: https://openlegislation.uk/leasehold-and-freehold-reform-act-2024/section-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.