4.—(1) Section 124 of the Act applies in relation to a building that would, but for section 117(3) of the Act, be a relevant building(1), with the modifications set out in paragraphs (2) and (3).
(2) The following may not be specified as a body corporate or partnership for the purposes of section 124(3) —
(a)a landlord under a lease of the relevant building or any part of it where that landlord is a company owned in part or in full by a majority of residential leaseholders of the building;
(b)a person who was such a landlord at the qualifying time; or
(c)a commonhold association, within the meaning of section 34 of the Commonhold and Leasehold Reform Act 2002.
(3) Section 124(5) applies as if, in the definition of “interested person”, after sub-paragraph (d) there were inserted—
“(da)a special measures manager, within the meaning of paragraph 4(2) of Schedule 7;”.
Commencement Information
I1Reg. 4 in force at 20.7.2022, see reg. 1(1)
See section 117(2) of the Act for the definition of “relevant building”.