Part V Miscellaneous
Improvement grants
74 Discretion of court in cases relating to instalment purchase agreements.
1
Where, under the terms of an instalment purchase agreement, a person has been let into possession of a dwelling-house and, on the termination of the agreement or of his right to possession under it, proceedings are brought for possession of the dwelling-house, the court may—
a
adjourn the proceedings; or
b
on making an order for possession of the dwelling-house, supersede extract or postpone the date of possession;
for such period or periods as the court thinks fit.
2
On any such adjournment, superseding of extract, or postponement the court may impose such conditions with regard to the payment by the person in possession in respect of his continued occupation of the dwelling-house and such other conditions as the court thinks fit.
3
The court may revoke or from time to time vary any condition imposed by virtue of this section.
4
In this section “instalment purchase agreement” means an agreement for the purchase of a dwelling-house under which the whole or part of the purchase price is to be paid in 3 or more instalments and the completion of the purchase is deferred until the whole or a specified part of the purchase price has been paid.