# The Local Authorities (Capital Finance) Regulations 1997, Regulation 113: Disposal of lease in exchange for lessor’s promise to forbear

Extent: E+W
Status: prospective

In the case of non-monetary consideration received in respect of an assignment or a surrender of a leasehold interest in land, the amount falling to be set aside under section 61(4) in respect of the consideration shall be nil where the consideration consists of a promise not to sue for the breach of a repairing covenant in the lease.

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Source: https://www.legislation.gov.uk/uksi/1997/319/regulation/113 (the official version)
Page: https://openlegislation.uk/local-authorities-capital-finance-regulations-1997/regulation-113
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.