Part 1Leasehold houses

Key definitions

2Long residential leases of houses

(1)

A lease is a “long residential lease of a house” if conditions A to C are met in relation to the lease.

(2)

Condition A: the lease has a long term (see sections 3 and 4).

(3)

Condition B: the lease demises one house (see section 5), with or without appurtenant property, and nothing else.

(4)

Condition C: the lease is a residential lease (see section 6).