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Leasehold Reform, Housing and Urban Development Act 1993

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Changes over time for: Paragraph 7

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Changes to legislation:

Leasehold Reform, Housing and Urban Development Act 1993, Paragraph 7 is up to date with all changes known to be in force on or before 27 February 2025. 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. Help about Changes to Legislation

7(1)Where a Chapter I landlord is a university or college to which the M1Universities and College Estates Act 1925 applies, any sum payable to the landlord by way of the price payable for any interest on its acquisition in pursuance of Chapter I shall be dealt with as if it were an amount payable by way of consideration on a sale effected under that Act.E+W

(2)Where a Chapter II landlord is a university or college to which that Act applies—

(a)any sum payable to the landlord by way of a premium on the grant of a new lease under Chapter II or section 93(4) shall be dealt with as if it were an amount payable by way of consideration on a sale effected under that Act; and

(b)the purposes authorised—

(i)by section 26 of that Act for the application of capital money, and

(ii)by section 31 of that Act as purposes for which money may be raised by mortgage,

shall include the payment of compensation as mentioned in paragraph [F16] above.

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