# The Housing (Northern Ireland) Order 1986, Paragraph 5


In this Part—
(a) “interest acquired” means the interest in a defective dwelling of which the vendor disposes under an agreement entered into in pursuance of Article 9;
“purchase price” means the price which such an agreement requires the Executive to pay for the interest acquired; and
“vendor” means the person with whom the Executive enters into such an agreement; and
(b) references to a charge are references to a charge securing the performance of an obligation, and—
(i) include a mortgage or lien, but
(ii) do not include a rentcharge (that is to say any annual or other periodic sum charged on or issuing out of land, other than rent reserved by a lease or tenancy or any sum payable by way of interest).

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Source: https://www.legislation.gov.uk/nisi/1986/1301/schedule/2/paragraph/5 (the official version)
Page: https://openlegislation.uk/housing-northern-ireland-order-1986/schedule-2/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.