The Regulatory Reform (Business Tenancies) (England and Wales) Order 2003

Divided reversions

27.—(1) In section 44(1)(1) (meaning of “landlord”), for “the next following subsection,” substitute “subsections (1A) and (2) below,”.

(2) After section 44(1) insert—

“(1A) The reference in subsection (1) above to a person who is the owner of an interest such as is mentioned in that subsection is to be construed, where different persons own such interests in different parts of the property, as a reference to all those persons collectively.”.

(3) In section 35(1)(2) (other terms of new tenancy), after the word “thereunder)” insert “, including, where different persons own interests which fulfil the conditions specified in section 44(1) of this Act in different parts of it, terms as to the apportionment of the rent,”.

(1)

Section 44(1) was amended by section 14(1) of the Law of Property Act 1969 (c. 59).

(2)

Section 35(1) was numbered as such by paragraph 4 of Schedule 1 to the Landlord and Tenant (Covenants) Act 1995 (c. 30).