Paragraph 20

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

Sch 1 para. 1 words inserted by Housing Measure 2011 (Consequential Amendments to Subordinate Legislation) 2012 Sch. para. 3(2)(a)
Sch 1 para. 2 words inserted by Housing Measure 2011 (Consequential Amendments to Subordinate Legislation) 2012 Sch. para. 3(2)(b)
Sch 1 para. 4 words inserted by Housing Measure 2011 (Consequential Amendments to Subordinate Legislation) 2012 Sch. para. 3(2)(c)(i)
Sch 1 para. 4 word inserted by Housing Measure 2011 (Consequential Amendments to Subordinate Legislation) 2012 Sch. para. 3(2)(c)(ii)

In section 156 (liability to repay is a charge on the premises)—

(a)

for subsection (2)^f1 substitute—

“(2)

Subject to subsections (2A) and (2B), the charge has priority immediately after any legal charge securing an amount advanced to the tenant by an approved lending institution for the purpose of enabling him to exercise the right to acquire.”,

(b)

in subsection (2A)^f2(a) omit the words “paragraph (a) or (b) of”, and

(c)

in subsection (4A)^f3 omit paragraph (a).

Annotations

Footnotes

f1: Section 156(2) was substituted by section 120(3) of the Leasehold Reform, Housing and Urban Development Act 1993.
f2: Section 156(2A) was inserted by section 120(3) of the Leasehold Reform, Housing and Urban Development Act 1993.
f3: Section 156(4A) was inserted by section 120(4) of the Leasehold Reform, Housing and Urban Development Act 1993.