108General effect of interim management orders: leases and licences granted by authorityE+W
(1)This section applies in relation to any interest or right created by the authority under section 107(3)(c).
(2)For the purposes of any enactment or rule of law—
(a)any interest created by the authority under section 107(3)(c)(i) is to be treated as if it were a legal lease, and
(b)any right created by the authority under section 107(3)(c)(ii) is to be treated as if it were a licence to occupy granted by the legal owner of the premises,
despite the fact that the authority have no legal estate in the premises (see section 107(5)(a)).
(3)Any enactment or rule of law relating to landlords and tenants or leases accordingly applies in relation to any interest created by the authority under section 107(3)(c)(i) as if the authority were the legal owner of the premises.
(4)References to leases and licences—
(a)in this Chapter, and
(b)in any other enactment,
accordingly include (where the context permits) interests and rights created by the authority under section 107(3)(c).
(5)The preceding provisions of this section have effect subject to—
(a)section 124(7) to (9), and
(b)any provision to the contrary contained in an order made by the appropriate national authority.
(6)In section 107(5)(b) the reference to leasing does not include the creation of interests under section 107(3)(c)(i).
(7)In this section—
“enactment” has the meaning given by section 107(11);
“legal lease” means a term of years absolute (within section 1(1)(b) of the Law of Property Act 1925 (c. 20)).
Commencement Information
I1S. 108 wholly in force at 16.6.2006; s. 108 not in force at Royal Assent see s. 270(4)(5); s. 108 in force for E. at 6.4.2006 by S.I. 2006/1060, art. 2(1)(a) (with Sch.); s. 108 in force for W. at 16.6.2006 by S.I. 2006/1535, art. 2(a) (with Sch.)