199 Repayment of discount: periods and amounts payable
Housing Act 2004 (2004 c 34) | Legislation

Disposals by registered social landlords

199  Repayment of discount: periods and amounts payable

(1)     For section 11 of the Housing Act 1996 (c 52) substitute—

“11 Covenant for repayment of discount on disposal

(1)     Where on a disposal of a house by a registered social landlord, in accordance with a consent given by the Relevant Authority under section 9, a discount has been given to the purchaser, and the consent does not provide otherwise, the conveyance, grant or assignment shall contain a covenant binding on the purchaser and his successors in title to the following effect.

(2)     The covenant shall be to pay to the landlord such sum (if any) as the landlord may demand in accordance with subsection (3) on the occasion of the first relevant disposal which is not an exempted disposal and which takes place within the period of five years beginning with the conveyance, grant or assignment.

(3)     The landlord may demand such sum as he considers appropriate, up to and including the maximum amount specified in this section.

(4)     The maximum amount which may be demanded by the landlord is a

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