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Amendments to the Commonhold and Leasehold Reform Bill [H.L.]

Commonhold and Leasehold Reform Bill [H.L.] -
Amendments to be debated in the House of Lords

Here you can browse the Amendments to the Commonhold and Leasehold Reform Bill [H.L.] to be moved in Committee in the House of Lords.

  
Clause 3
 
  
BY THE LORD WILLIAMS OF ELVEL
THE EARL OF CAITHNESS
 
     Page 2, line 16, leave out ("anyone who") and insert ("at least 80 per cent of the following classes of person") 
     Page 2, line 17, at beginning, insert ("anyone who") 
     Page 2, line 19, at beginning, insert ("anyone who") 
     Page 2, line 21, at beginning, insert ("anyone who") 
     Page 2, line 23, at beginning, insert ("anyone who") 
     Page 2, line 24, at beginning, insert ("anyone who") 
     Page 2, line 24, at end insert--
 
    ("(  )  In cases where at least 80 per cent of the classes of persons mentioned under subsection (1) consent to the registration of the freehold estate in land as a freehold estate in commonhold land, the opposition or non-vote shall be overturned by tribunal decision.")
 
  
After Clause 71
 
  
BY THE LORD WILLIAMS OF ELVEL
THE EARL OF CAITHNESS
 
     Insert the following new Clause-- 
     ("  .--(1)  A person who wishes to practice as a managing agent and hold the service charge trust fund shall be required to--
    (a)  be subject to a code of practice,
    (b)  undergo yearly auditing of accounts,
    (c)  be covered by professional indemnity and fidelity insurance and,
    (d)  undergo a minimum quota of annual management training.
    (2)  Regulations shall make provision about the form and content of the above and make such other rules, requirements and restrictions as may be appropriate to ensure proper standards are maintained, and the interests of landlords, RTM companies and leaseholders are safeguarded.")
Regulation of managing agents.
  
After Clause 75
 
  
BY THE LORD WILLIAMS OF ELVEL
 
     Insert the following new Clause-- 
     ("  .--(1)  To prepare for future management, prior to the service of a notice of invitation to participate, the RTM company may appoint a surveyor in accordance with section 84 of the Housing Act 1996 (right to appoint surveyor to advise on matters relating to service charges).
 
    (2)  A surveyor appointed under subsection (1) shall report on the current condition of the property, both physical and financial.")
Appointment
of surveyor.
  
BY THE LORD WILLIAMS OF ELVEL
THE EARL OF CAITHNESS
 
     Insert the following new Clause-- 
     ("  .--(1)  A notice of invitation to participate shall be accompanied by a prospectus which shall include--
    (a)  a financial plan to deal with the potential shortfall between the service charge income and expenditure,
    (b)  the names of any professional advisors the RTM company intends to appoint,
    (c)  any major plans for expenditure in the first year of management and,
    (d)  a copy of the memorandum and articles of the RTM company.
    (2)  Regulations shall make provision about the form and content of the above.")
Prospectus.
  
Clause 126
 
  
BY THE LORD WILLIAMS OF ELVEL
THE EARL OF CAITHNESS
 
     Page 58, line 2, leave out subsection (2) 
     Page 58, line 5, leave out subsection (3) and insert--
        ("(3)  In subsections (2)(b), (2A) and (2B) (requirement that tenant has occupied flat as only principal home for three years), for "three years" substitute "six months" in each case.")
 
  
After Clause 132
 
  
BY THE LORD WILLIAMS OF ELVEL
 
     Insert the following new Clause-- 
     ("  .  For leases where there is an unexpired term of more than 50 but less than 80 years, for each year in reverse chronological order following the eightieth, the amount of marriage value shall be increased by one thirtieth pro-rata, until the fiftieth year at which point the marriage value shall revert to full value.")Marriage value.
 
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