185 Repayment of discount: periods and amounts applicable
Housing Act 2004 (2004 c 34) | Legislation

Right to buy: discounts

185  Repayment of discount: periods and amounts applicable

(1)     Section 155 of the Housing Act 1985 (repayment of discount on early disposal) is amended in accordance with subsections (2) and (3).

(2)     For subsections (2) and (3) substitute—

“(2)     In the case of a conveyance or grant in pursuance of the right to buy, the covenant shall be to pay the landlord such sum (if any) as the landlord may demand in accordance with section 155A on the occasion of the first relevant disposal (other than an exempted disposal) which takes place within the period of five years beginning with the conveyance or grant.

(3)     In the case of a conveyance or grant in pursuance of the right to acquire on rent to mortgage terms, the covenant shall be to pay the landlord such sum (if any) as the landlord may demand in accordance with section 155B on the occasion

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