Long Leases (Scotland) Act 2012 : 2012 asp 9
Scotland. Scottish Parliament2012
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Abstract: The Long Leases (Scotland) Act is based on the recommendations for reform made by the Scottish Law Commission in 2006 (Scot Law Com. 204, ISBN 9780108881930). The Act converts ultra-long leases into ownership. An ultra-long lease qualifies if it has been granted for more than 175 years and has more than 100 years left to run immediately before the appointed day laid down in the Act. On the appointed day, all qualifying ultra-long leases will convert automatically into ownership, unless the tenant chooses to opt out. In some cases, compensatory and additional payments will be payable to the landlord by the tenant and some leasehold conditions will be preserved as real burdens in the title deeds.
Main title:
Author:
Imprint:
Edinburgh : Stationery Office, 2012.
Collation:
iv, 47p. ; 30 cm.
Series title:
Notes:
Royal assent, 7th August 2012. An Act of the Scottish Parliament to convert certain long leases into ownership; to provide for the conversion into real burdens of certain rights and obligations under such leases; to provide for payment to former owners of land of compensation for loss of it on conversion. Explanatory notes have been produced to assist in the understanding of this Act and will be available separately.TSO Select.Explanatory notes are available separately: (9780105911760)
ISBN:
010590189X9780105901891
Dewey class:
348.411
Local class:
346.0434
Language:
English
Index terms:
Long leases: Acts: ScotlandLandlord and tenants: Long leases: Acts: Scotland
BRN:
1630559
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