Trusts of Land and Appointment of Trustees Act 1996

27 (1) The Leasehold Reform, Housing and Urban Development Act 1993 is amended as follows. E+W

(2) In Schedule 2—

(a) in paragraph 5(1) and (2), for the words “held on trust for sale” substitute “ subject to a trust of land ” (and, accordingly, in the heading immediately preceding paragraph 5 for the words “on trust for sale” substitute “ in trust ”),

(b) in paragraph 6, for the words “as mentioned in paragraph 5(2)(b) above” substitute “ by the landlord on the termination of a new lease granted under Chapter II or section 93(4) (whether the payment is made in pursuance of an order under section 61 or in pursuance of an agreement made in conformity with paragraph 5 of Schedule 14 without an application having been made under that section) ”, and

(c) in paragraphs 7(2)(b) and 8(3)(b) and (4)(c), for “5(2)(b)” substitute “ 6 ”.

(3) In Schedule 14—

(a) in paragraph 7(1), for the words “disposition on trust for sale” substitute “ trust of land ”, and

(b) in paragraph 9(a), for the words “held on trust for sale” substitute “ subject to a trust of land ”.