(1) In this Act, “residential property” means—
(a) a building that is used or suitable for use as one or more dwellings, or is in the process of being constructed or adapted for such use;
(b) land that is or forms part of the garden or grounds of a building within paragraph (a) (including any building or structure on such land);
(c) an interest in or right over land that subsists for the benefit of a building within paragraph (a) or of land within paragraph (b).
(2) Accordingly, “non-residential property” means any property that is not residential property.
(3) But see the rule in subsection (9) in the case of a transaction
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