Part of Leasehold and Freehold Reform Bill - Report (and remaining stages) – in the House of Lords at 5:00 pm on 24 May 2024.
The Lord Bishop of Southwell and Nottingham:
Moved by The Lord Bishop of Southwell and Nottingham
20: Schedule 4, page 164, line 15, at end insert—“(3A) But in a case where the freeholder is a charity and the freehold interest was vested in that charity immediately before the passing of this Act, the freeholder is entitled to compensation for loss of marriage or hope value, with the amount of compensation being equal to the amount the freeholder would have received by way of marriage or hope value if assumption 2 had not been made.”Member's explanatory statementThis Amendment would give a charity freeholder the right to compensation for the loss of marriage or hope value.
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As a bill passes through Parliament, MPs and peers may suggest amendments - or changes - which they believe will improve the quality of the legislation.
Many hundreds of amendments are proposed by members to major bills as they pass through committee stage, report stage and third reading in both Houses of Parliament.
In the end only a handful of amendments will be incorporated into any bill.
The Speaker - or the chairman in the case of standing committees - has the power to select which amendments should be debated.
