Section 66 Subleases of exempt leasesI1
A sublease of an exempt lease is an exempt lease if—
(a)
it would have been converted on the appointed day into a right of ownership under section 4(1)(a), had the sublease been registered immediately before the appointed day, and
(b)
it is registered (before, on or after the appointed day).
Annotations
Commencement
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S. 66 in force at 28.11.2013 by S.S.I. 2013/322, art. 2(f)