000 01588cam a22002415a 4500
001 E143940
008 080609s2006 xxk f 000 0 eng d
020 _a0108881946
035 _a(Sirsi) u143940
041 0 _aeng
050 0 4 _a346.41104346 $2 18
110 2 _aScottish Law Commission
_91410
245 0 0 _aReport on conversion of long leases
_blaid before the Scottish Parliament by the Scottish Ministers under section 3(2) of the Law Commissions Act 1965
_h[electronic resource]
260 _aEdinburgh
_bThe Stationery Office
_c2006
300 _axiii, 269p.
_c30cm.
505 2 _aIntroduction -- Qualifying leases -- Conversion -- From leasehold conditions to real burdens -- Minerals and sporting rights -- Compensation -- Notices of exemption -- Miscellaneous topics -- Residential ground leases -- List of recommendations
520 _aRecommends that a conversion scheme be set up for leases granted for more than 175 years which have more than 100 years to run ("ultra-long" leases). Under the scheme, such leases would be converted to ownership on a particular day, extinguishing the residual ownership of the landlord. The landlord would be entitled to compensation, calculated as a multiplier of the rent. Although the scheme would be compulsory and automatic, there would be the possibility for the tenant to opt-out.
521 _aAdvanced
651 4 _aScotland
_y1999-
690 _aPROPERTY-LANDLORD AND TENANT-LEASES
856 4 1 _uhttps://www.scotlawcom.gov.uk/download_file/view/251/
_zView the report free of charge at www.scotlawcom.gov.uk
942 _n0
999 _c108322
_d108322