# Leasehold Reform (Ground Rent) Act 2022, Section 7: Term reserving prohibited rent treated as reserving permitted rent

Extent: E+W

(1) This section applies where any term of a regulated lease to which a section specified in column 1 of the table applies reserves a prohibited rent.
(2) The term has effect as if, in place of the prohibited rent, it reserved the rent specified in column 2 of the table.
(3) Where the prohibited rent is reserved in respect of a period specified in column 3 of the table, or a share in the demised premises specified in column 4 of the table, or both, the term is treated as reserving the rent specified in column 2 of the table in respect of that period, that share, or that period and that share.
Column 1
Column 2
Column 3
Column 4
Section
Rent treated as reserved
Period for which rent reserved
Share in demised premises
Section 4 (general rule)
peppercorn rent
Section 5 (shared ownership leases)
peppercorn rent
tenant’s share
Section 6 (replacement leases)
maximum permitted rent
excepted period
tenant’s share (where section 6(7) applies)
Section 6 (replacement leases)
peppercorn rent
regulated period
tenant’s share (where section 6(7) applies)
(4) The “maximum permitted rent” means the maximum rent permitted by section 6(2)(a).
(5) The other terms of the regulated lease have effect with any modifications necessary because of subsections (2) and (3).
(6) For the purposes of this section, the terms of a regulated lease include the terms of any contract relating to the lease.
(7) Terms used in this section and in sections 4 to 6 have the same meaning in this section as in those sections.

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Source: https://www.legislation.gov.uk/ukpga/2022/1/section/7 (the official version)
Page: https://openlegislation.uk/leasehold-reform-ground-rent-act-2022/section-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.