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Housing Act 1996
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Changes over time for: Paragraph 27
Version Superseded: 01/11/1998
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27(1)Where as a result of an inquiry under paragraph 20 or an audit under paragraph 22 the Corporation is satisfied as regards a registered social landlord—
(a)that there has been misconduct or mismanagement in its administration, or
(b)that the management of its land would be improved if its land were transferred in accordance with the provisions of this paragraph,
the Corporation may, with the consent of the Secretary of State, direct the registered social landlord to make such a transfer.
(2)Where the registered social landlord concerned is a charity, the Corporation may only direct a transfer to be made to another registered social landlord—
(a)which is also a charity, and
(b)the objects of which appear to the Corporation to be, as nearly as practicable, akin to those of the registered social landlord concerned.
(3)In any other case the Corporation may direct a transfer to be made to the Corporation or to another registered social landlord.
(4)The transfer shall be on such terms as the Corporation may direct on the basis of principles determined by it.
The consent of the Secretary of State is required both for the terms of the transfer and for the determination of the principles on which it is based.
(5)The price shall not be less than the amount certified by the district valuer to be the amount the property would command if sold by a willing seller to another registered social landlord.
(6)The terms shall include provision as to the payment of debts and liabilities (including debts and liabilities secured on the land).
Commencement Information
I1Sch. 1 para. 27 wholly in force at 1.10.1996; Sch. 1 para. 27 not in force at Royal Assent see s. 232(3); Sch. 1 para. 27(4) in force for certain purposes at 1.8.1996 by S.I. 1996/2048, art. 3; Sch. 1 para. 27 in force at 1.10.1996 to the extent that it is not already in force, by S.I. 1996/2402, art. 3 (subject to the transitional provisions and savings in the Sch. of that S.I.)
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