Schedules
Schedule 8Remediation costs under qualifying leases etc
No service charge payable where lease below certain value
4
(1)
No service charge is payable under a qualifying lease in respect of a relevant measure relating to any relevant defect if the value of the qualifying lease at the qualifying time was less than—
(a)
£325,000, if the premises demised by the qualifying lease are in Greater London;
(b)
£175,000, in any other case.
(2)
For the purposes of this paragraph the value of a qualifying lease at the qualifying time is its value determined in accordance with paragraph 6 and regulations made under it.