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Leasehold Reform Act 1967

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[F17A[F2(1)The price payable for a minor superior tenancy is to be calculated in accordance with regulations made by the appropriate national authority instead of in accordance with section 9.]E+W

(2)“A minor superior tenancy” means a superior tenancy having an expectation of possession of not more than one month and in respect of which the profit rent is not more than £5 per year.

(3)“Profit rent” means an amount equal to that of the rent payable under the tenancy on which the minor superior tenancy is in immediate reversion, less that of the rent payable under the minor superior tenancy.

(4)Where the minor superior tenancy or that on which it is in immediate reversion comprises property other than the house and premises, the reference in sub-paragraph (3) to the rent payable under it means so much of that rent as is apportioned to the house and premises.

F3(5). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F3(6). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .]

[F4(7)In sub-paragraph (1) “appropriate national authority” means—

(a)in relation to a tenancy of land in England, the Secretary of State;

(b)in relation to a tenancy of land in Wales, the Welsh Ministers.

(8)Regulations under sub-paragraph (1) may include transitional provision.

(9)Regulations under sub-paragraph (1) are to be made by statutory instrument.

(10)A statutory instrument containing regulations under sub-paragraph (1) is subject to annulment—

(a)in the case of an instrument made by the Secretary of State, in pursuance of a resolution of either House of Parliament;

(b)in the case of an instrument made by the Welsh Ministers, in pursuance of a resolution of the National Assembly for Wales.]

Textual Amendments

F2Sch. 1 para. 7A(1) substituted (12.5.2016) by Housing and Planning Act 2016 (c. 22), s. 216(1)(c), Sch. 10 para. 1(2) (with Sch. 10 para. 1(5))

F3Sch. 1 para. 7A(5)(6) omitted (12.5.2016) by virtue of Housing and Planning Act 2016 (c. 22), s. 216(1)(c), Sch. 10 para. 1(3) (with Sch. 10 para. 1(5))

F4Sch. 1 paras. 7A(7)-(10) inserted (12.5.2016) by Housing and Planning Act 2016 (c. 22), s. 216(1)(c), Sch. 10 para. 1(4) (with Sch. 10 para. 1(5))

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