Section 24 Application of price or compensation received by landlord, and charge of betterment levy on enfranchisement.

England and Wales

(1)

Any sum received by the landlord by way of the price payable for a house and premises under section 9 above, or by way of compensation under any provision of this Part of this Act providing for compensation to be recovered by or awarded to a landlord,—

(a)

where the interest of the landlord is F1subject to a trust of land shall be dealt with as if it were proceeds of sale arising under the trust; F2...

(b)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F3(2)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Annotations

Textual amendments

F1: Words in s. 24(1)(a) substituted (1.1.1997) by 1996 c. 47, s. 25(1), Sch. 3 para. 10(b) (with ss. 24(2), 25(4)(5)); S.I. 1996/2974, art. 2
F2: S. 24(1)(b) and word omitted (19.5.2025) by virtue of Charities Act 2022 (c. 6), s. 41(4), Sch. 1 para. 9(2); S.I. 2024/265, reg. 4, Sch. 2 para. 3
F3: S. 24(2) repealed (19.11.1998) by 1998 c. 43, s. 1(1), Sch. 1 Pt. IV Group 2

Notes on Part I

Modifications

C1

Pt. I (ss. 1–37) excluded by Housing Act 1985 (c. 68, SIF 61), ss. 172, 173

C2

Pt. I (ss. 1–37) extended by Housing Act 1985 (c. 68, SIF 61), s. 174

Pt. I (ss. 1-37) modified (1.4.1997) by 1985 c. 68, s. 174 (as inserted (1.4.1997) by S.I. 1997/619, reg. 2(1), Sch. 1 para. 29)

C3

Pt. I extended by Land Compensation Act 1973 (c. 26), s. 12(1)