Commonhold and Leasehold Reform Act 2002

Prospective

This section has no associated Explanatory Notes

40(1)Schedule 6 (purchase price) is amended as follows.E+W

(2)For “nominee purchaser” (in each place, including the heading) substitute “ RTE company ”.

(3)For “participating tenant” (in each place) substitute “ participating member of the RTE company ”.

(4)In paragraph 3(1)(c), for “the tenant” substitute “ the member ”.

(5)In paragraph 4(2)—

(a)for “participating tenants, as” substitute “ persons who are participating members of the RTE company immediately before a binding contract is entered into in pursuance of the initial notice, as ”, and

(b)for “participating tenants, once” substitute “ those participating members, once ”.

(6)In paragraph 10(2), for “he” substitute “ it ”.