Exempted disposals ending obligation under covenantsE+W
6E+WWhere there is a relevant disposal which is an exempted disposal by virtue of paragraph 4(1)(d) or paragraph 4(1)(e) above—
(a)the covenant required by paragraph 1 above is not binding on the person to whom the disposal is made or any successor in title of his; and
(b)that covenant and the charge taking effect by virtue of paragraph 2 above cease to apply in relation to the property disposed of.
[F1and
(c)the covenant required by paragraph 2A above is not binding on the person to whom the disposal is made or any successor in title of his; and
(d)that covenant ceases to apply in relation to the property disposed of.]
Textual Amendments
F1Sch. 11 para. 6(c)(d) and word inserted (18.1.2005) by Housing Act 2004 (c. 34), ss. 204(2), 270 (with s. 204(3))