120 Prohibition of premiums and loans on assignment of protected tenancies
Rent Act 1977 (1977 c 42) | Legislation

120  Prohibition of premiums and loans on assignment of protected tenancies

(1)     Subject to section 121 of this Act, any person who, as a condition of the assignment of a protected tenancy, requires the payment of any premium or the making of any loan (whether secured or unsecured) shall be guilty of an offence.

(2)     Subject to section 121 of this Act, any person who, in connection with the assignment of a protected tenancy, receives any premium shall be guilty of an offence.

(3)     Notwithstanding anything in subsections (1) and (2) above, an assignor of a protected tenancy of a dwelling-house may, if apart from this section he would be entitled to do so, require the payment by the assignee or receive from the assignee a payment—

(a)     of so much of any outgoings discharged by the assignor as is referable to any

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