SCHEDULES

SCHEDULE 8Enfranchisement by company: amendments

1Land Compensation Act 1973 (c. 26)

1

Section 12A of the Land Compensation Act 1973 (tenants participating in collective enfranchisement or entitled to individual lease extension) is amended as follows.

2

In subsection (2)(b)—

a

in sub-paragraph (i), for “participating tenant in relation to” substitute “ participating member of a RTE company which is making ”, and

b

in sub-paragraph (ii), for the words from “one” to “made” substitute “ a member of a RTE company which has made an acquisition ”.

3

In subsection (4), for “nominee purchaser” substitute “ RTE company ”.

4

In subsection (9), for paragraph (b) substitute—

b

“participating member” and “RTE company” have the same meanings as in Chapter 1 of Part 1 of that Act; and

c

the reference to the making of an acquisition by a RTE company shall be construed in accordance with section 38(2) of that Act.