C1C2C3Part I Enfranchisement and Extension of Long Leaseholds
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)
Pt. I extended by Land Compensation Act 1973 (c. 26), s. 12(1)
Supplementary
24 Application of price or compensation received by landlord, and charge of betterment levy on enfranchisement.
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 held on trust for sale shall be dealt with as if it were proceeds of sale arising under the trust; and
b
where the landlord is a university or college to which the M1Universities and College Estates Act 1925 applies, shall be dealt with as if it were an amount payable as consideration on a sale effected under that Act.
2
For purposes of Part III of the M2Land Commission Act 1967 any conveyance executed to give effect to section 8 above shall be deemed to be a conveyance on sale of any interest transferred (or, as regards a tenancy, an assignment on sale of it), and the price payable for the interest under section 9 shall be deemed to be consideration payable in respect of the disposition of that interest.
Pt. I (ss. 1–37) excluded by Housing Act 1985 (c. 68, SIF 61), ss. 172, 173