Service charges to be held in trustE+W
11(1) Sections 42 to 42B of the 1987 Act (service charge contributions to be held in trust and in designated account) have effect with the modifications provided by this paragraph.
(2)References to the payee are to the RTM company.
(3)The definition of “tenant” in section 42(1) does not apply.
(4)References to a tenant of a dwelling include a person who is landlord under a lease of the whole or any part of the premises.
(5)The reference in section 42(2) to sums paid to the payee by the contributing tenants by way of relevant service charges includes payments made to the RTM company under section 94 or 103 of this Act.
(6)Section 42A(5) applies as if paragraph (a) were omitted and the person referred to in paragraph (b) were a person who receives service charges on behalf of the RTM company.
Commencement Information
I1Sch. 7 wholly in force at 30.3.2004; Sch. 7 not in force at Royal Assent see s. 181(1); Sch. 7 in force at 30.9.2003 for E. by S.I. 2003/1986, art. 2(a); Sch. 7 in force at 30.3.2004 for W. by S.I. 2004/669, art. 2(a)