SCHEDULES

SCHEDULE 6 Amendments of Part I of the Landlord and Tenant Act 1987

Part IV Consequential amendments

11

1

In Schedule 1 to the Landlord and Tenant Act 1987 (discharge of mortgages, &c), in paragraph 1 (construction of provisions relating to discharge in pursuance of purchase notice)—

a

for the words “the new landlord” wherever they appear substitute “ the purchaser ”;

b

in the definition of “consideration payable”—

i

for the words “section 12(4)” substitute “ section 12B(7) ”, and

ii

for the words “section 16(2) or (3)” substitute “ section 16(4) or (5) ”;

c

in the definition of “nominated person”, for the words “section 12(1)” substitute “ section 12B(2) ”.

2

In paragraphs 2, 4 and 5 of that Schedule (duty of nominated person to redeem mortgages, payments into court and savings)—

a

for the words “section 12(4)(a)” wherever they appear substitute “ section 12B(5)(a) ”;

b

for the words “the new landlord” or “the new landlord’s” wherever they appear substitute “ the purchaser ” or “ the purchaser’s ”.