# The Housing (Northern Ireland) Order 2003, Article 84: Meaning of relevant disposal


(1) A disposal is a relevant disposal for the purposes of the provisions of this Chapter relating to grant conditions if it is—
(a) a conveyance of a freehold estate in possession (whether legal or equitable) or an assignment of the lease, or
(b) the grant of a lease (other than a mortgage term) for a term of more than 21 years otherwise than at a rack rent.
(2) For the purposes of paragraph (1)(b) it shall be assumed—
(a) that any option to renew or extend a lease or sub-lease, whether or not forming part of a series of options, is exercised, and
(b) that any option to terminate a lease or sub-lease is not exercised.
(3) The grant of an option enabling a person to call for a relevant disposal shall be treated as such a disposal made to him.

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Source: https://www.legislation.gov.uk/ukdsi/2003/0110443462/article/84 (the official version)
Page: https://openlegislation.uk/draft-housing-northern-ireland-order-2003/article-84
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.