sec.10BApplication for conversion of certain leases in perpetuity to leases for term of years with freeholding covenant

sec.10B Application for conversion of certain leases in perpetuity to leases for term of years with freeholding covenant

A lessee of a lease in perpetuity of land held by the lessee under the provisions of the Housing Act 2003 , section 112 may apply to the chief executive to have the lease deemed a lease for a term not exceeding 10 years and subject to a covenant entitling the lessee to a deed of grant in fee simple of the land comprised in the lease. In this part such lease for a term is referred to as a freeholding lease . An application shall not be proceeded with until the chief executive has been satisfied that the covenants, if any, under the Housing Act 2003 , section 112 (2B) (d) to which the lease in perpetuity is subject have been reasonably fulfilled. s 10B ins 1980 No. 49 s 13 sub 2003 No. 52 s 153 sch 2 (amd 2005 No. 33 s 11 (retro)) amd 2005 No. 46 s 9 sch ; 2006 No. 7 s 34 (sec.10B-ssec.1) A lessee of a lease in perpetuity of land held by the lessee under the provisions of the Housing Act 2003 , section 112 may apply to the chief executive to have the lease deemed a lease for a term not exceeding 10 years and subject to a covenant entitling the lessee to a deed of grant in fee simple of the land comprised in the lease. (sec.10B-ssec.1A) In this part such lease for a term is referred to as a freeholding lease . (sec.10B-ssec.3) An application shall not be proceeded with until the chief executive has been satisfied that the covenants, if any, under the Housing Act 2003 , section 112 (2B) (d) to which the lease in perpetuity is subject have been reasonably fulfilled.