PART XVI ASSISTANCE FOR OWNERS OF DEFECTIVE HOUSING
Eligibility for assistance
531 Conditions of eligibility: disposal by public sector authority, &c.
(1)
The conditions referred to in section 527(d) (eligibility for assistance) are that there has been a disposal by a public sector authority of a relevant interest in the dwelling and that either of the following sets of conditions is satisfied.
(2)
The first set of conditions is that—
(a)
the disposal by a public sector authority was made before the cut-off date, and
(b)
there has been no disposal for value by any person of a relevant interest in the dwelling on or after that date.
(3)
The second set of conditions is that—
(a)
a person to whom section 527 applies acquired a relevant interest in the dwelling on a disposal for value occurring within the period of twelve months beginning with the cut-off date,
(b)
he was unaware on the date of the disposal of the association of the dwelling with the qualifying defect,
(c)
the value by reference to which the price for the disposal was calculated did not take any, or any adequate, account of the qualifying defect, and
(d)
if the cut-off date had fallen immediately after the date of the disposal, the first set of conditions would have been satisfied.
(4)
For the purposes of this section where a public sector authority hold an interest in a dwelling a disposal of the interest by or under an enactment shall be treated as a disposal by the authority.