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(1)The enactments specified in Schedule 1 are amended in accordance with that Schedule, the amendments being consequential on the provisions of this Act.
(2)The enactments specified in Schedule 2 are repealed to the extent specified.
(3)Subsections (1) and (2) do not affect the operation of—
(a)section 77 of, or Part IX or X of Schedule 2 to, the M1Law of Property Act 1925, or
(b)section 24(1)(b) or (2) of the M2Land Registration Act 1925,
in relation to tenancies which are not new tenancies.
(4)In consequence of this Act nothing in the following provisions, namely—
(a)sections 78 and 79 of the Law of Property Act 1925 (benefit and burden of covenants relating to land), and
(b)sections 141 and 142 of that Act (running of benefit and burden of covenants with reversion),
shall apply in relation to new tenancies.
(5)The Lord Chancellor may by order made by statutory instrument make, in the case of such enactments as may be specified in the order, such amendments or repeals in, or such modifications of, those enactments as appear to him to be necessary or expedient in consequence of any provision of this Act.
(6)Any statutory instrument made under subsection (5) shall be subject to annulment in pursuance of a resolution of either House of Parliament.
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