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Long Leases (Scotland) Act 2012
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64Exemption of qualifying lease by registration of agreement or order
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(1)A lease is an exempt lease if—
(a)it is a qualifying lease,
(b)it is not a lease in relation to which cumulo rent is payable, and
(c)the landlord, not later than 2 months before the appointed day, registers against the title of the tenant—
(i)an agreement entered into with the tenant, or
(ii)an order made by the Lands Tribunal under section 69.
(2)The agreement must—
(a)be in the prescribed form,
(b)be signed by or on behalf of the landlord and the tenant,
(c)state either—
(i)that the annual rent payable under the lease immediately before the appointed day will be over £100, or
(ii)that the annual rent paid under the lease was over £100 at any point during the relevant period.
(3)The relevant period is the period of 5 years ending on the day the Bill for this Act received Royal Assent.
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