Article 3 House sales schemeF1F2
The Executive shall prepare and submit to the Department a scheme to offer for sale or lease to its secure tenants, the dwelling-houses occupied by those tenants.
A scheme submitted under paragraph (1) may contain such provision as the Executive considers appropriate and, without prejudice to the generality of the foregoing, shall include provision with respect to—
the classes of dwelling-houses to which the scheme applies;
the manner in which the purchase price of a dwelling-house is to be determined;
the circumstances in which a purchaser is entitled to a discount of part of the purchase price and the basis upon which that discount is to be calculated;
the circumstances in which discount may be repayable;
the condition and covenants to be included in the conveyance or lease of the dwelling-house;
the terms on which land used for the purposes of a dwelling-house is to be treated as included in the dwelling-house.
A scheme submitted under paragraph (1) shall, if the Department so directs, include provision for the Executive to offer, in such circumstances as the Department may direct, to grant equity-sharing leases in relation to dwelling-houses to which the scheme applies.
The Department may approve a scheme submitted under paragraph (1) with or without modifications.
The Executive shall comply with a scheme approved by the Department under paragraph (4).
The Executive may at any time, and if the Department so directs shall, submit to the Department proposals amending a scheme approved under paragraph (4) or a scheme replacing any such scheme; and paragraphs (3) to (5) shall have effect in relation to those proposals or a scheme replacing an existing scheme as they have effect in relation to a scheme.
Annotations
Textual amendments
Notes on the whole Order
Textual amendments
- F1
functions transf. by SR 1999/481