Long Leases (Scotland) Act 2012 (asp 9)

Part 5 Exemption from conversion and continuing leases

Types of exempt lease

66 Subleases of exempt leases

A sublease of an exempt lease is an exempt lease if—

(a) it would have been converted on the appointed day into a right of ownership under section 4(1)(a), had the sublease been registered immediately before the appointed day, and

(b) it is registered (before, on or after the appointed day).