Part 1: Leasehold houses Section 11: Prescribed statements in new long leases
Under existing HM Land Registry rules, all new leases require the use of prescribed clauses, which require those registering a lease to record all the information the Land Registry needs in one place. This Section requires all new leases that are registered with HM Land Registry to include an additional prescribed clause stating whether they are compliant with the new ban, either by declaring that they are not registering a long residential lease of a house (as defined by this part of the Act), or that the lease is a ‘permitted lease’.
	Subsection (1) sets out that this Section applies to a lease of a land which has a long term and is granted on or after the day the ban comes into force.
	Subsections (2) and (3) details that all new long leases registered with His Majesty’s Land Registry must contain prescribed statements declaring that they are compliant with the new ban, either because the lease is not a long residential lease of a house (as defined by the Act), or because the lease is a ‘permitted lease’ of a house.
	Subsection (4) sets out that the prescribed clause must comply with requirements prescribed by land registration rules under the Land Registration Act 2002.
	Subsection (5) excludes "Case D" leases (a series of leases) detailed in Section 3 from this requirement. This is because the series of leases involved may not individually be ‘prescribed clause leases’ and would not be identified by HM Land Registry in the same way as standard newly registered leases. Such leases are, however, captured by other aspects of the ban.