Paragraph 27 I1

England and Wales

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

Sch. 1 para. 15(1)(b) words inserted by Housing Act 2004 Sch. 11 para. 15(2)
Sch. 1 para. 15(4) words inserted by Housing Act 2004 Sch. 11 para. 15(3)
Sch. 1 para. 23(6) words repealed by Criminal Justice Act 2003 Sch. 37 Pt. 9
Sch. 1 para. 24(6) words repealed by Criminal Justice Act 2003 Sch. 37 Pt. 9
Sch. 1 para. 4(2)(c) words substituted by Tribunals, Courts and Enforcement Act 2007 Sch. 16 para. 10

(1)

Where as a result of an inquiry under paragraph 20 or an audit under paragraph 22 the F1Relevant Authority is satisfied as regards a registered social landlord—

F2(a)

that it has failed to comply with a requirement imposed by or under an enactment, and

(b)

that the management of its land would be improved if its land were transferred in accordance with the provisions of this paragraph,

F3 F4the Relevant Authority may, . . . direct the registered social landlord to make such a transfer . ...

(2)

Where the registered social landlord concerned is a charity, the Relevant Authority may only direct a transfer to be made to another registered social landlord—

(a)

which is also a charity, and

(b)

the objects of which appear to the Relevant Authority to be, as nearly as practicable, akin to those of the registered social landlord concerned.

(3)

In any other case the Relevant Authority may direct a transfer to be made to the Relevant Authority or to another registered social landlord.

C1(4)

The transfer shall be on such terms as the Relevant Authority may direct on the basis of principles determined by it.

F5...

(5)

The price shall not be less than the amount certified by the district valuer to be the amount the property would command if sold by a willing seller to another registered social landlord.

(6)

The terms shall include provision as to the payment of debts and liabilities (including debts and liabilities secured on the land).

Annotations

Textual amendments

F1: Words in Pt. I substituted (1.11.1998) by 1998 c. 38, s. 140, Sch. 16 para. 82(1)(2) (with ss. 139(2), 141(1), 143(2)); S.I. 1998/2244, art.5.
F2: Sch. 1 para. 27(1)(a) substituted (15.8.2018) by Regulation of Registered Social Landlords (Wales) Act 2018 (anaw 4), ss. 10(7), 19(2); S.I. 2018/777, art. 3(c)
F3: Words in Sch. 1 para. 27(1) repealed (1.11.1998) by 1998 c. 38, ss. 140, 152, Sch. 16 para. 96(6)(a), Sch. 18 Pt.VI (with ss. 137(1), 139(2), 141(1), 143(2)); S.I. 1998/2244, art.5.
F4: Words in Sch. 1 para. 27(1) repealed (1.4.2010) by The Housing and Regeneration Act 2008 (Consequential Provisions) Order 2010 (S.I. 2010/866), art. 1(2), Sch. 2 para. 106(9)(a), Sch. 4 (with art. 6, Sch. 3)
F5: Words in Sch. 1 para. 27(4) repealed (1.4.2010) by The Housing and Regeneration Act 2008 (Consequential Provisions) Order 2010 (S.I. 2010/866), art. 1(2), Sch. 2 para. 106(9)(b), Sch. 4 (with art. 6, Sch. 3)

Modifications

C1: Sch. 1 para. 27(4) modified (1.12.2008) by The Transfer of Housing Corporation Functions (Modifications and Transitional Provisions) Order 2008 (S.I. 2008/2839), arts. 1(1), 3, Sch. para. 5 (with art. 6)

Commencement

I1: Sch. 1 para. 27 wholly in force at 1.10.1996; Sch. 1 para. 27 not in force at Royal Assent see s. 232(3); Sch. 1 para. 27(4) in force for certain purposes at 1.8.1996 by S.I. 1996/2048, art. 3; Sch. 1 para. 27 in force at 1.10.1996 to the extent that it is not already in force, by S.I. 1996/2402, art. 3 (subject to the transitional provisions and savings in the Sch. of that S.I.)