1Occupation contracts
(1)This Act (in Part 2) provides that—
(a)most individuals who rent their homes under a tenancy or licence, and their landlords, make a contract with each other known as an occupation contract (and in this Act such individuals are referred to as “contract-holders”; see section 7);
(b)there are two kinds of occupation contract, namely—
(i)secure contracts, and
(ii)standard contracts;
(c)there are two kinds of standard contract, namely—
(i)fixed term standard contracts, and
(ii)periodic standard contracts,
and the two kinds of standard contract differ in relation to their variation, transfer and termination.
(2)Each kind of occupation contract (and each kind of standard contract) gives different rights to, and imposes different obligations on, the contract-holder and landlord; a secure contract gives greater security of occupation to the contract-holder than a standard contract.