SCHEDULES
SCHEDULE 13 Amendments of Landlord and Tenant Act 1987
3
1
In section 4 of that Act (relevant disposals) after subsection (1) there shall be inserted the following subsection—
1A
Where an estate or interest of the landlord has been mortgaged, the reference in subsection (1) above to the disposal of an estate or interest by the landlord includes a reference to its disposal by the mortgagee in exercise of a power of sale or leasing, whether or not the disposal is made in the name of the landlord; and, in relation to such a proposed disposal by the mortgagee, any reference in the following provisions of this Part to the landlord shall be construed as a reference to the mortgagee.
2
In subsection (2) of that section, in paragraph (a), at the end of sub-paragraph (i) there shall be inserted “or”, sub-paragraph (ii) shall be omitted and at the end of that paragraph there shall be inserted—
aa
a disposal consisting of the creation of an estate or interest by way of security for a loan