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SCHEDULEMODIFICATIONS TO PART V

41.  In section 155(1) (repayment of discount on early disposal)—

(a)in subsection (1), for the words from the beginning to “no discount)” substitute the words “A conveyance of the freehold in pursuance of this Part shall contain (unless there is no discount)”;

(b)in subsection (2)—

(i)omit the words “or grant” in both places in which those words occur, and

(ii)for the reference to the landlord substitute a reference to the freeholder; and

(c)in subsection (3), omit the words “or grant” and for the word “landlord” substitute the word “freeholder”; and

(d)in subsection (3A)—

(i)for the words “his landlord” substitute the words “the freeholder, an intermediate landlord or the landlord”, and

(ii)omit the words “or grant of the lease”.

(1)

Section 155 was amended by section 2(3) of the Housing and Planning Act 1986, paragraph 41 of Schedule 17 to the Housing Act 1988 and section 120 of the Leasehold Reform, Housing and Urban Development Act 1993.