Clause 1 - Regulated leases

Part of Leasehold Reform (Ground Rent) Bill [Lords] – in a Public Bill Committee at 9:25 am on 7 December 2021.

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Amendment made: 2, in clause 1, page 1, line 16, at end insert—

“(5) Where there is a deemed surrender and regrant by virtue of the variation of a lease which is—

(a) a regulated lease, or

(b) a lease granted before the relevant commencement day,

subsection (1) applies as if paragraph (b) were omitted.”.—

This amendment provides that where there is a deemed surrender and regrant of a regulated lease or a pre-commencement lease, the new lease may be a regulated lease even if it is not granted for a premium.