“Insolvency of certain persons with an interest in higher-risk and relevant buildings — New Clause 5 — Abolition of forfeiture of a long lease — 27 Feb 2024 at 18:00

“(1) This section applies to any right of forfeiture or re-entry in relation to a dwelling held on a long lease which arises either-

(a) under the terms of that lease; or

(b) under or in consequence of section 146(1) of the Law of Property Act 1925.

(2) The rights referred to in subsection (1) are abolished.

(3) In this section-

“dwelling” means a building or part of a building occupied or intended to be occupied as a separate dwelling, together with any yard, garden, or outhouses and appurtenances belonging to it or usually enjoyed with it;

“lease” means a lease at law or in equity and includes a sub-lease, but does not include a mortgage term;

“long lease” has the meaning given by sections 76 and 77 of the Commonhold and Leasehold Reform Act 2002.”-(Matthew Pennycook.)Brought up.

Question put,The clause be added to the Bill.

Debate in Parliament |