Regulation 18 Disposal of property acquired on voluntary disposals at a discount by housing action trust

(1)

With the exception of regulations 14 to 17, 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 housing action trust using its power to dispose of land in section 79^f1 of the Housing Act 1988, subject to the following modifications.

(2)

In regulation 1—

(a)

for the definition of “former landlord” substitute—

““former owner” means the housing action trust which disposed of the property under section 79 of the Housing Act 1988”;

(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 paragraph 2A of Schedule 11 to the Housing Act 1988”; and

(c)

for the definition of “property” substitute—

““property” means a property which is subject to a right of first refusal covenant imposed under paragraph 2A of Schedule 11 to the Housing Act 1988”.

(3)

In regulation 10(3), for “section 158 of the 1985 Act” substitute “paragraph 2B^f2 of Schedule 11 to the Housing Act 1988”.

(4)

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

Annotations

Footnotes

f1: Section 79 was amended by sections 124(1) and 187(2) of, and Schedule 22 to, the Leasehold Reform, Housing and Urban Development Act 1993, sections 55(1) and 227 of, and Schedules 3 and 19 to, the Housing Act 1996, and S.I. 1997/74.
f2: Paragraph 2B was inserted by section 204 of the Housing Act 2004.