Moved by
Baroness Scott of Bybrook
8: Schedule 1, page 136, line 10, leave out from “tenancy” to the end of line 12 and insert “—
(a) allows for the tenant to acquire the freehold of the house (if the landlord has the freehold), or
(b) provides that the terms of the lease which make the lease a shared ownership lease cease to have effect (if the landlord does not have the freehold),
without the payment of further consideration.”
Member’s explanatory statement
This amendment amends the definition of a shared ownership lease so that it includes the case where a tenant has the right to acquire the freehold. This is in line with the definition being inserted into the LRA 1967 by paragraph 13 of Schedule 8 to the Bill.