[SCHEDULE 6A Redemption of Landlord's Share]
Housing Act 1985 (1985 c 68) | Legislation

[SCHEDULE 6A Redemption of Landlord's Share]

Section 151A

[Obligation to redeem landlord's share in certain circumstances

1

(1)     The conveyance or grant shall contain a covenant binding on the secure tenant and his successors in title to make to the landlord, immediately after—

(a)     the making of a relevant disposal which is not an excluded disposal, or

(b)     the expiry of the period of one year beginning with a relevant death,

(whichever first occurs), a final payment, that is to say, a payment of the amount required to redeem the landlord's share.

(2)     A disposal is an excluded disposal for the purposes of this paragraph if—

(a)     it is a further conveyance of the freehold or an assignment of the lease and the person or each of the persons to whom it is made is, or is the spouse [or civil partner] of, the person or one of the persons by whom it is made;

(b)     it is a vesting in a person taking under a will or intestacy; or

[(c)     it is a disposal in pursuance of an order under—

(i)     section 24 or 24A of the Matrimonial Causes Act 1973 (property adjustment orders or orders

Powered by Lexis+®
 

Popular documents

LEXISNEXIS

HCPC—Main hearing of the Health and Care Professions Tribunal

HCPC—Main hearing of the Health and Care Professions TribunalCoronavirus (COVID-19): This Practice Note contains guidance on subjects impacted by the government’s response to the coronavirus outbreak. In particular, the Health and Care Professions Council (HCPC) (Coronavirus) (Amendment) Rules Order

LEXISNEXIS

Subrogation in insurance and reinsurance

Subrogation in insurance and reinsuranceWhat is the right of subrogation?In the context of insurance and reinsurance, the right of subrogation entitles an insurer or reinsurer, having indemnified the (re)insured, to ‘step into its shoes’ to bring an action in the (re)insured’s name. For the purpose

LEXISNEXIS

VAT definition

LEXISNEXIS

Negligence—key elements to establish a negligence claim

Negligence—key elements to establish a negligence claimNegligence—what are the key ingredients to establish a claim in negligence?For liability in negligence to be founded, four key ingredients must be present:•duty of care•breach of that duty•damage (which is caused by the breach)•foreseeability of