129 Termination of management orders: financial arrangements
Housing Act 2004 (2004 c 34) | Legislation

129  Termination of management orders: financial arrangements

(1)     This section applies where an interim or final management order ceases to have effect for any reason.

(2)     If, on the termination date for an interim management order [that is not made under section 102(7A)], the total amount of rent or other payments collected or recovered as mentioned in section 110(3) exceeds the total amount of—

(a)     the local housing authority's relevant expenditure, and

(b)     any amounts of compensation payable to third parties by virtue of decisions of the authority under section 128,

the authority must, as soon as practicable after the termination date, pay the balance to such relevant landlord, or to such relevant landlords in such proportions, as they consider appropriate.

(3)     If, on the termination date for an interim management order, the total amount of rent or other payments collected or recovered as mentioned

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