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Housing Act 1996
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Housing Act 1996, Section 109 is up to date with all changes known to be in force on or before 26 June 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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109 Collective enfranchisement: valuation principles.E+W
(1)Schedule 6 to the Leasehold Reform, Housing and Urban Development Act 1993 (purchase price payable by nominee purchaser) shall be amended as follows.
(2)In paragraph 3(1) (freeholder’s interest to be valued on the basis that neither the nominee purchaser nor any participating tenant is in the market) for “neither the nominee purchaser nor any participating tenant” there shall be substituted “ no person who falls within sub-paragraph (1A) ”.
(3)After paragraph 3(1) there shall be inserted—
“(1A)A person falls within this sub-paragraph if he is—
(a)the nominee purchaser, or
(b)a tenant of premises contained in the specified premises, or
(c)an owner of an interest which the nominee purchaser is to acquire in pursuance of section 2(1)(b).”.
(4)In paragraph 7 (value of intermediate leasehold interests) after sub-paragraph (1) there shall be inserted—
“(1A)In its application in accordance with sub-paragraph (1), paragraph 3(1A) shall have effect with the addition after paragraph (a) of—
“(aa)an owner of a freehold interest in the specified premises, or””.
(5)In paragraph 11 (value of other interests) after sub-paragraph (3) there shall be inserted—
“(4)In its application in accordance with sub-paragraph (2) above, paragraph 3(1A) shall have effect with the addition after paragraph (a) of—
“(aa)an owner of a freehold interest in the specified premises, or””.
Modifications etc. (not altering text)
C1S. 109 restricted (22.8.1996) by S.I. 1996/2212, art. 2(2),Sch. para 4.
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