(This note is not part of the Regulations.)
These Regulations prescribe the procedure to be followed, unless it is agreed otherwise, in giving effect to a claim to exercise the right to collective enfranchisement or a claim to exercise the right to lease renewal under Part I of the Leasehold Reform, Housing and Urban Development Act 1993.
Schedule 1 specifies the procedure to be followed by a nominee purchaser and reversioner and, where appropriate, a relevant landlord, in giving effect to an initial notice claiming to exercise the right to collective enfranchisement given under Chapter I of Part I of the Act; and makes provision for payment of a deposit by the nominee purchaser on exchange of contracts.
Schedule 2 specifies the procedure to be followed by a landlord and tenant in giving effect to a tenant’s notice claiming the right to lease renewal under Chapter II of Part I of the Act; and makes provision for payment of a deposit by the tenant at any time when the tenant’s notice is in force.