81—Amendment of the Landlord and Tenant Act
(1) Part 4 of the
Landlord and Tenant Act 1936 (the
"former legislation") is repealed.
(a) the
former legislation continues to apply, subject to modifications prescribed by
regulation, to retail shop leases entered into before the commencement of this
Act (including such a lease that is renewed after the commencement of this Act
under a right or option of renewal conferred before the commencement of this
Act); but
(b) if
the retail shop lease creates a periodic tenancy, this Act applies to the
lease as from the beginning of the first period after the first anniversary of
the commencement of this Act as if there were a novation of the lease on that
date.
(3) The regulations
made for the purposes of subsection (2)(a) may provide that specified
provisions of this Act apply to a retail shop lease entered into before the
commencement of this Act.
(4) The Fund
established under the former legislation is dissolved and the money
constituting that Fund at the commencement of this Act is incorporated in the
Fund established under this Act.
(5) References in the
former legislation to the Fund established under that legislation are to be
construed (so far as the relevant provisions give rights or impose obligations
on parties to leases) as references to the Fund under this Act.