Applying TSILA, pt 8, div 4 (Home ownership leases)
80 Applying TSILA, pt 8, div 4 (Home ownership leases)
TSILA, part 8, division 4, subdivisions 2 and 4 apply to a lease to which this division applies as if the lease were a home ownership lease under TSILA.
Subsection (1) applies to the lease even if it is not granted for residential use.
For applying TSILA, section 94, a relevant condition is any condition of the lease as provided for in part 8 of this Act if the lessor reasonably considers a breach of the condition is of a serious nature and warrants forfeiture of the lease.
For applying TSILA, sections 95(2) and 97(1)(a), written notice must be given additionally to any person holding a sublease over the lease.
TSILA, part 8, division 4, subdivision 4 must be applied not only to improvements of the lessee but also to the holder, and improvements of the holder, of any sublease over the lease, and for that purpose, a reference in the subdivision to the lease land is a reference to the land the subject of the sublease.
Also, for applying TSILA, part 8, division 4, subdivision 4, references to renewal of a lease may be ignored.
For TSILA, section 107(3), the value of the lease land is the amount decided by the chief executive under this Act.
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