Tribunals, Courts and Enforcement Act 2007

85 Contracts for similar rights to be void E+W

(1) A provision of a contract is void to the extent that it would do any of these—

(a) confer a right to seize or otherwise take control of goods to recover amounts within subsection (2);

(b) confer a right to sell goods to recover amounts within subsection (2);

(c) modify the effect of section 72(1), except in accordance with subsection (3).

(2) The amounts are any amounts payable—

(a) as rent;

(b) under a lease (other than as rent);

(c) under an agreement collateral to a lease;

(d) under an instrument creating a rentcharge;

(e) in respect of breach of a covenant or condition in a lease, in an agreement collateral to a lease or in an instrument creating a rentcharge;

(f) under an indemnity in respect of a payment within paragraphs (a) to (e).

(3) A provision of a contract is not void under subsection (1)(c) to the extent that it prevents or restricts the exercise of CRAR.

(4) In this section—

• “lease” also includes a licence to occupy land;

• “rent” and “rentcharge” have the meaning given by section 205(1) of the Law of Property Act 1925 (c. 20).

Commencement Information

I1 S. 85 in force at 6.4.2014 by S.I. 2014/768, art. 2(1)(a) (with art. 2(2)-(6))