Leasehold Reform, Housing and Urban Development Act 1993

Part I E+W GENERAL

Interpretation and operation of Schedule E+W

1 (1) In this Schedule— E+W

• F1 . . .

• “intermediate leasehold interest” means the interest of the tenant under a lease which is superior to the lease held by a qualifying tenant of a flat contained in the specified premises, to the extent that—

  (a)

  any such interest is to be acquired by the nominee purchaser by virtue of section 2(1)(a), and

  (b)

  it is an interest in the specified premises;

• [F2 “the valuation date” means—

  (a)

  the date when it is determined, either by agreement or by a leasehold valuation tribunal under this Chapter, what freehold interest in the specified premises is to be acquired by the nominee purchaser, or

  (b)

  if there are different determinations relating to different freehold interests in the specified premises, the date when determinations have been made in relation to all the freehold interests in the premises.]

(2) Parts II to IV of this Schedule have effect subject to the provisions of Parts V and VI (which relate to interests with negative values).

Textual Amendments

F1 Definition in Sch. 6 para. 1(1) repealed (1.10.1996) by 1996 c. 52, ss. 107, 227, Sch. 10 para. 18(2)(a), Sch. 19 Pt.V; S.I. 1996/2212, art. 2(2) (with savings in Sch.)

F2 Definition in Sch. 6 para. 1(1) substituted (1.10.1996) by 1996 c. 52, s. 107, Sch. 10 para. 18(2)(b); S.I. 1996/2212, art. 2(2) (with savings in Sch.)