# Leasehold Reform, Housing and Urban Development Act 1993, Paragraph 5

Extent: E+W

(1) Where the interest of a Chapter I landlord is subject to a trust of land, any sum payable to the landlord by way of the price payable for the interest on its acquisition in pursuance of Chapter I shall be dealt with as if it were proceeds of sale arising under the trust.
(2) Where the interest of a Chapter II landlord is subject to a trust of land—
(a) any sum payable to the landlord by way of a premium on the grant of a new lease under Chapter II or section 93(4) shall be dealt with as if it were proceeds of sale arising under the trust; . . .
(b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Source: https://www.legislation.gov.uk/ukpga/1993/28/schedule/2/paragraph/5 (the official version)
Page: https://openlegislation.uk/leasehold-reform-housing-and-urban-development-act-1993/schedule-2/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.