{
  "url": "https://openlegislation.uk/housing-northern-ireland-order-1986/schedule-2/paragraph-2",
  "json_url": "https://openlegislation.uk/housing-northern-ireland-order-1986/schedule-2/paragraph-2.json",
  "legislation": "nisi/1986/1301",
  "legislation_title": "The Housing (Northern Ireland) Order 1986",
  "legislation_url": "https://openlegislation.uk/housing-northern-ireland-order-1986",
  "path": "schedule/2/paragraph/2",
  "kind": "paragraph",
  "number": "2",
  "heading": null,
  "text": "(1) For the purposes of this Schedule, the value of an interest in a defective dwelling at the relevant time is the amount which, at that time, would be realised by a disposal of that interest on the open market by a willing seller to a person other than the Executive on the assumptions specified in sub-paragraph (2) and on the basis that no account is to be taken of any right to the grant of a tenancy under Article 11.\n(2) Those assumptions are—\n(a) that none of the defective dwellings to which the designation in question relates are affected by the qualifying defect;\n(b) that no liability has arisen or will arise under a covenant required by Article 10 of the Order of 1983 or paragraph 6(1) or 7(1) of Schedule 6 (covenant to repay discount or, in the case of an equity-sharing lease, pay for outstanding share) or any covenant to like effect;\n(c) that no obligation to acquire the interest arises under Part II of this Order;\n(d) where, at the time at which the value of the interest falls to be considered, there has been since the relevant time a material change in circumstances affecting the value of the interest, that the change had occurred before the relevant time; and\n(e) that (subject to the preceding paragraphs) the seller is selling with and subject to the rights and burdens with and subject to which the disposal is to be made.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/nisi/1986/1301/schedule/2/paragraph/2",
    "retrieved_at": "2026-10-29T04:48:23.326985+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}