Part 3 — .1
41.4 Return of entrance fee
within 180 days of termination of a life lease.
RSA 2000
(2) If a lease operator does not return the leaseholder's entrance
fee or any portion of it within the time specified in subsection (1),
interest at the prescribed rate will accrue on any unreturned
amount.
(3) Notwithstanding any provision respecting the matters in
subsections (1) and (2) in leases substantially similar to a life lease,
those subsections apply with respect to substantially similar leases
that are
(a) subsisting on the coming into force of this Part, and
(b) terminated after the coming into force of this Part.
(4) Nothing in this section affects any provisions in a
(a) life lease,
(b) lease terminated before the coming into force of this Part
that is substantially similar to a life lease, or
(c) lease subsisting on the coming into force of this Part tha t is
substantially similar to a life lease,
respecting the order in which entrance fees are to be returned.
2024 c3 s3