New Clause 43 - Long residential leases of houses

“Insolvency of certain persons with an interest in higher-risk and relevant buildings – in the House of Commons at 6:00 pm on 27 February 2024.

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“(1) A lease is a “long residential lease of a house” if conditions A to C are met in relation to the lease.

(2) Condition A: the lease has a long term (see sections (Leases which have a long term) and (Series of leases whose terms would extend beyond 21 years)).

(3) Condition B: the lease demises one house (see section (Houses)), with or without appurtenant property, and nothing else.

(4) Condition C: the lease is a residential lease (see section (Residential leases)).”—(Lee Rowley.)

This new clause, to be inserted after NC42, would define “long residential lease of a house” for the purposes of the new Part before Part 1.

Brought up, and added to the Bill.