Valid from 11/09/1996
Modifications etc. (not altering text)
C1Pt. I Ch. I (ss. 1-59) excluded (17.12.1996) by S.I. 1996/2890, reg. 3(1)
Valid from 17/12/1996
(1)If at any time while a grant condition remains in force with respect to a dwelling, house or building—
(a)the owner of the dwelling, house or building to which the condition relates pays the amount of the grant to the local housing authority by whom the grant was made,
(b)a mortgagee of the interest of the owner in that dwelling, house or building being a mortgagee entitled to exercise a power of sale, makes such a payment,
(c)the local housing authority determine not to demand repayment on the breach of a grant condition, or
(d)the authority demand repayment in whole or in part on the breach of a grant condition and that demand is satisfied,
that grant condition and any other grant conditions shall cease to be in force with respect to that dwelling, house or building.
(2)In the case of a grant condition imposed on a landlord’s application for a common parts grant the references in subsection (1)(a) and (b) to the owner of the building are to the applicant or any such successor in title as is referred to in section 46(3).
(3)An amount paid by a mortgagee under subsection (1)(b) above shall be treated as part of the sums secured by the mortgage and may be discharged accordingly.
(4)The purposes authorised for the application of capital money by—
(a)section 73 of the M1Settled Land Act 1925,
(b)that section as applied by section 28 of the M2Law of Property Act 1925 in relation to trusts for sale, and
(c)section 26 of the M3Universities and College Estates Act 1925,
include the making of payments under this section.