Part III Supplementary Provisions
Housing Act 1985 (1985 c 68) | Legislation

Part III Supplementary Provisions

Introductory

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(1)     In this Part of this Schedule “the agreement†means the agreement entered into in pursuance of Parts I and II of this Schedule, and—

“the authority†means the authority acquiring an interest in a defective dwelling under the agreement;

“the conveyance†means the conveyance executed under the agreement;

“the interest acquired†means the interest in the dwelling concerned of which the vendor disposes under the agreement;

“the purchase price†means the price which the agreement requires the authority to pay for the interest acquired; and

“the vendor†means the person with whom the authority enter into the agreement.

(2)     In this Part of this Schedule—

(a)     references to a charge include a mortgage or lien, but not a rentcharge within the meaning of the Rentcharges Act 1977, and

(b)     references to a relevant charge are to a charge to which the interest acquired is subject immediately before the conveyance and which secures the performance of an obligation but is not either a local land charge or a charge which is, or would be, overreached by the conveyance apart from this Schedule.

Conveyance frees interest acquired from relevant charges

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(1)     The conveyance

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