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3A lease consolidation scheme must—
(a)specify a date on which it is to take effect;
(b)specify the subsisting working leases and any superior lease out of which any of the subsisting working leases is derived; and
(c)contain provisions for rendering the rent reserved by the single lease to be granted pursuant thereto and the benefit of every covenant or provision contained in that lease having reference to the subject matter thereof and on the lessee's part to be observed or performed, and every condition of re-entry and other condition therein contained, capable of being recovered, received, enforced and taken advantage of during the period between the date on which the scheme takes effect and the vesting date, by a person acting as agent or in trust for all the persons interested in reversion expectant on that lease during that period.
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