Commonhold and Leasehold Reform Act 2002
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Change 1
136 Disregard of marriage value in case of very long leases
(1) Paragraph 4 of Schedule 13 to the 1993 Act (meaning of marriage value) is amended as follows. (2) In sub-paragraph (2), insert at the beginning “ Subject to sub-paragraph (2A), ”. (3) After that sub-paragraph insert— (2A) Where at the relevant date the unexpired term of the tenant’s existing lease exceeds eighty years, the marriage value shall be taken to be nil.
136 Disregard of marriage value in case of very long leases
(1) Paragraph 4 of Schedule 13 to the 1993 Act (meaning of marriage value) is amended as follows. (2) In sub-paragraph (2), insert at the beginning “ Subject to sub-paragraph (2A), ”. (3) After that sub-paragraph insert— (2A) Where at the relevant date the unexpired term of the tenant’s existing lease exceeds eighty years, the marriage value shall be taken to be nil.
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