Lord Gascoigne:

Moved by Lord Gascoigne

10: Schedule 4, page 159, line 6, leave out from “continue” to end of line 8 and insert “on the terms on which it is granted, and therefore will not be substituted by the statutory lease;(aa) the current lease will continue (on those terms) until its term date;”Member's explanatory statementThis amendment would restructure paragraph 3(2) in connection with the new sub-paragraph (2A) that would be inserted by another amendment in my name.

11: Schedule 4, page 159, line 9, leave out “that” and insert “out of the interest of the person granting the statutory lease;(ba) the notional lease”Member's explanatory statementThis amendment would make clear that it must be assumed that the notional lease is granted out of the interest of the person granting the new lease on the lease extension.

12: Schedule 4, page 159, line 18, at end insert—“(2A) But if the tenant is holding over under the Local Government and Housing Act 1989 at the valuation date—(a) in the assumption in sub-paragraph (2)(a), the reference to the terms on which the current lease is granted has effect as a reference to the terms on which the tenant is holding over under that Act;(b) the assumption in sub-paragraph (2)(aa) does not apply.(2B) Paragraph 21 makes provision about whether any right to hold over under the Local Government and Housing Act 1989 is to be taken into consideration in determining the market value of the notional lease (if the tenant is not holding over under that Act at the valuation date).”Member's explanatory statementThis amendment would clarify the operation of paragraph 2 in cases where the tenant has a right to hold over under the Local Government and Housing Act 1989

Amendments 10 to 12 agreed.