Part 2The community right to buy
Chapter 2Registration of interests
44Duration and renewal of registration
1
A registered community interest has, subject to subsection (4) below, effect for a period of five years from the date when it was registered.
2
A community body which has registered a community interest may, at any time within six months before the expiry of that period, apply under section 37 above to re register the interest.
3
On such an application, Ministers may, subject to section 38 above, direct the Keeper to re-enter the interest in the Register.
4
An interest so re registered continues to have effect as a registered community interest for a period of five years from the date on which the interest would otherwise have ceased to have effect under this section.
5
A registered community interest does not cease to have effect on completion of a transfer such as is mentioned in subsection (4) of section 40 above.
F16
The Scottish Ministers must send written notice to a community body which has a registered community interest of the date on which that interest will cease to have effect unless it is re-registered (“the expiry date”).
7
A notice under subsection (6) must be sent in the period beginning on the day which falls 12 months before the expiry date and ending 28 days after that day.