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.