Part II Price Payable and Valuation
Housing Act 1985 (1985 c 68) | Legislation

Part II Price Payable and Valuation

The price

7

(1)     The price payable for the acquisition of an interest in pursuance of this Part of this Act is 95 per cent of the value of the interest at the relevant time.

(2)     In this Schedule “the relevant time†means the time at which the notice under paragraph 3 above (authority's notice of proposed terms of acquisition) is served on the person entitled to assistance.

The value

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(1)     For the purposes of this Schedule, the value of an interest at the relevant time is the amount which, at that time, would be realised by a disposal of the interest on the open market by a willing seller to a person other than the purchasing authority on the following assumptions—

(a)     that none of the defective dwellings to which the designation in question relates

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