# Rent (Scotland) Act 1984, Section 92: Regulated heritable securities.


(1) Subject to subsection (2) below, a heritable security which falls within section 91(1)(a) is a regulated heritable security if—
(a) it is a heritable security over land consisting of or including a dwelling-house which is let on or subject to a regulated tenancy; and
(b) the regulated tenancy is binding on the creditor in the heritable security.
(2) Notwithstanding that a heritable security falls within subsection (1) above, it is not a regulated heritable security if—
(a) the rateable value on the appropriate day of the dwelling-house which falls within subsection (1)(a) above, or if there is more than one such dwelling-house comprised in the heritable security, the aggregate of the rateable values of those dwelling-houses on the appropriate day, is less than one-tenth of the rateable value on the appropriate day of the whole of the land comprised in the heritable security; or
(b) the debtor in the heritable security is in breach of agreement, but for this purpose a breach of the agreement for the repayment of the principal money shall be disregarded unless it provides for repayment by instalments.

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Source: https://www.legislation.gov.uk/ukpga/1984/58/section/92 (the official version)
Page: https://openlegislation.uk/rent-scotland-act-1984/section-92
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.