Leasehold Reform Act 1967 (c. 88)

Part I E+W Enfranchisement and Extension of Long Leaseholds

Modifications etc. (not altering text)

C1 Pt. I (ss. 1–37) excluded by Housing Act 1985 (c. 68, SIF 61), ss. 172, 173

C2 Pt. I (ss. 1–37) extended by Housing Act 1985 (c. 68, SIF 61), s. 174

Pt. I (ss. 1-37) modified (1.4.1997) by 1985 c. 68, s. 174 (as inserted (1.4.1997) by S.I. 1997/619, reg. 2(1), Sch. 1 para. 29)

C3 Pt. I extended by Land Compensation Act 1973 (c. 26), s. 12(1)

Supplementary E+W

24 Application of price or compensation received by landlord, and charge of betterment levy on enfranchisement. E+W

(1) Any sum received by the landlord by way of the price payable for a house and premises under section 9 above, or by way of compensation under any provision of this Part of this Act providing for compensation to be recovered by or awarded to a landlord,—

(a) where the interest of the landlord is [F1 subject to a trust of land] shall be dealt with as if it were proceeds of sale arising under the trust; and

(b) where the landlord is a university or college to which the M1 Universities and College Estates Act 1925 applies, shall be dealt with as if it were an amount payable as consideration on a sale effected under that Act.

F2 (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

F1 Words in s. 24(1)(a) substituted (1.1.1997) by 1996 c. 47, s. 25(1), Sch. 3 para. 10(b) (with ss. 24(2), 25(4)(5)); S.I. 1996/2974, art. 2

F2 S. 24(2) repealed (19.11.1998) by 1998 c. 43, s. 1(1), Sch. 1 Pt. IV Group 2

Marginal Citations

M1 1925 c. 24.