PART 1OVERVIEW OF ACT
Introduction to Parts 1 and 2 and key concepts in this Act
1Occupation contracts
1
This Act (in Part 2) provides that—
a
most individuals who rent their homes under a tenancy or licence, and their landlords, make a contract with each other known as an occupation contract (and in this Act such individuals are referred to as “contract-holders”; see section 7);
b
there are two kinds of occupation contract, namely—
i
secure contracts, and
ii
standard contracts;
c
there are two kinds of standard contract, namely—
i
fixed term standard contracts, and
ii
periodic standard contracts,
and the two kinds of standard contract differ in relation to their variation, transfer and termination.
2
Each kind of occupation contract (and each kind of standard contract) gives different rights to, and imposes different obligations on, the contract-holder and landlord; a secure contract gives greater security of occupation to the contract-holder than a standard contract.