198 Deferred resale agreements
Housing Act 2004 (2004 c 34) | Legislation

198  Deferred resale agreements

(1)     After section 39 of the Housing Act 1985 insert—

“39A Treatment of deferred resale agreements for purposes of section 35

(1)     If a purchaser or his successor in title enters into an agreement within subsection (3), any liability arising under the covenant required by section 35 shall be determined as if a relevant disposal which is not an exempted disposal had occurred at the appropriate time.

(2)     In subsection (1) “the appropriate time” means—

(a)     the time when the agreement is entered into, or

(b)     if it was made before the beginning of the discount repayment period,

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