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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).