Moved by
Lord Greenhalgh
154: Schedule 9, page 226, line 23, leave out from “if” to end of line 28 and insert “the value of the qualifying lease at the qualifying time was less than—
(a) £325,000, if the premises demised by the qualifying lease are in Greater London;
(b) £175,000, in any other case.
(2) For the purposes of this paragraph the value of a qualifying lease at the qualifying time is its value determined in accordance with paragraph 6 and regulations made under it.”
Member’s explanatory statement
This amendment provides that no service charge is payable under a qualifying lease in respect of a relevant measure relating to any relevant defect if the value of the lease at the qualifying time is less than the amount mentioned in the amendment.