13(1)An agreement that—U.K.
(a)is, or is for, a long lease, or
(b)grants a right of occupation for a term of 7 years or more.
(2)“Long lease” means—
(a)in relation to England and Wales, a lease which is a long lease for the purposes of Chapter 1 of Part 1 of the Leasehold Reform, Housing and Urban Development Act 1993 or which, in the case of a shared ownership lease (within the meaning given by section 7(7) of that Act), would be such a lease if the tenant's total share (within the meaning given by that section) were 100 per cent;
(b)in relation to Scotland, has the meaning given by section 9(2) of the Land Registration (Scotland) Act 2012.
(3)An agreement does not grant a right of occupation for a term of 7 years or more if the agreement can be terminated at the option of a party before the end of 7 years from the commencement of the term.
Commencement Information
I1Sch. 3 para. 13 in force at 1.12.2014 for specified purposes by S.I. 2014/2771, art. 6(1)(m)
I2Sch. 3 para. 13 in force at 1.2.2016 for E. in so far as not already in force by S.I. 2016/11, art. 2(m)