Commentary

64 Leases of residential units

COMMONHOLD vol 8(1)
| Commentary

64 Leases of residential units

| Commentary

64 Leases of residential units

In addition to provisions applicable to all leases and tenancies of commonhold units, there are also provisions which apply to the letting of residential units. A unit is a residential unit if the commonhold community statement says that it can only be used for residential purposes, with or without other incidental purposes1.

A lease may not be granted of the whole or part of a residential unit for a term of years absolute unless it complies with prescribed conditions. In the case of a lease other than a compensatory lease2 the prescribed conditions are3:

  1. 64.1

        The

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