substitute
(1) This section applies—
(a) to a land rent lease first granted under a contract entered into before 1 October 2013; and
(b) if a lessee under the lease, who was previously eligible to pay discounted land rent for a year, becomes ineligible for the discount because—
(i) the lessee, or any of the lessees, becomes the owner of other real property; or
(ii) if a certificate of occupancy is issued for the lease—all the lessees stop living on the parcel of land under the lease.