Part 1Leasehold houses

Regulation of permitted leases

9Permitted leases: marketing restrictions

(1)

This section applies in relation to the marketing of a house where—

(a)

the house is to be comprised in a new lease, and

(b)

the lease will be a long residential lease of the house.

(2)

A person (“a promoter”) may not make any material marketing the house to be comprised in the lease available to any person, unless the permitted lease information relating to the lease is included in or provided with that material.

(3)

The “permitted lease information”, in relation to a lease, means—

(a)

if the lease falls or will fall into one or more of the categories set out in Part 1 of Schedule 1, a copy of the permitted lease certificate together with a statement identifying that category or those categories,

(b)

if to the best of the knowledge and belief of the promoter at the time the material is made available the lease falls or will fall into one or more of the categories set out in Part 2 of Schedule 1, a statement identifying that category or those categories, or

(c)

if both paragraphs (a) and (b) apply to the lease, the information required under both those paragraphs.

(4)

“Marketing” includes any form of advertising or promotion.