Regulation 16 Disposal of property acquired on voluntary disposal at a discount by local authority

(1)

With the exception of regulations 14, 15, 17 and 18, these Regulations shall also apply if there is to be a relevant disposal, other than an exempted disposal, of the owner’s interest in a property acquired at a discount from a local authority using its power to dispose of land in section 32^f1 of the 1985 Act, subject to the following modifications.

(2)

In regulation 1—

(a)

for the definition of “former landlord” substitute—

““former owner” means the local authority which disposed of the property under section 32 of the 1985 Act”;

(b)

for the definition of “owner” substitute—

““owner” means the person who is the freehold or leasehold owner of the property and who is bound by a right of first refusal covenant imposed under section 36A of the 1985 Act”; and

(c)

for the definition of “property” substitute—

““property” means a property which is subject to a right of first refusal covenant imposed under section 36A of the 1985 Act”.

(3)

For all occurrences of the term “former landlord” substitute “former owner”.

(4)

In regulation 10(3), for “section 158” substitute “section 36B^f2”.

Annotations

Footnotes

f1: Section 32 was amended by S.I. 1997/74.
f2: Section 36B was inserted by section 197 of the Housing Act 2004.