Lead member
Lord Young of Cookham
Conservative, Life peer
Lords
Decision
Agreed
This amendment was agreed to. Where a member has given notice of their intention to oppose a Clause/Schedule standing part of a Bill, 'agreed' indicates that the Clause/Schedule was removed from the Bill.
Amendment text
After Clause 226
insert the following new Clause—
“Qualifying leases under the Building Safety Act 2022
After section 119 of the Building Safety Act 2022 (meaning of “qualifying lease” and “the qualifying time”), insert—
“119A
Variation, surrender or regrant of qualifying leases
(1)
A qualifying lease varied, or subject to any surrender and regrant, remains a qualifying lease.
(2)
This section has effect in relation to any qualifying lease varied, or subject to any surrender and regrant, before the coming into force of this section.
(3)
Any agreement contrary to this section is void, whether made before or after the coming into force of this section.””
Member's explanatory statement
This section fixes a gap in the Building Safety Act 2022 to ensure qualifying leases retain their protection if the leaseholder enters into a deed of variation, or exercises statutory lease extension or enfranchisement rights.