New Clause 34 - Repeal of section 125 of the BSA 2022

Part of Leasehold and Freehold Reform Bill – in the House of Commons at 6:00 pm on 27 February 2024.

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“(1) Omit section 125 of the BSA 2022 (meeting remediation costs of insolvent landlord).

(2) In consequence of that repeal—

(a) in section 116(1), for “125” substitute “124”;

(b) omit section 116(2)(e);

(c) in section 117(1), for “125” substitute “124”;

(d) in section 119(1), for “125” substitute “124”;

(e) in section 119A(9), for “125” substitute “124”;

(f) in section 120(1), for “125” substitute “124”;

(g) in section 121(1), for “125” substitute “124”;

(h) in section 164(1)(c), for “125” substitute “124”.”—(Lee Rowley.)

This new clause repeals section 125 of the Building Safety Act 2022, which contains provision about meeting the remediation costs of insolvent landlords.

Brought up, and added to the Bill.