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The Housing (Right to Buy) (Cost Floor) (Scotland) Order 1999
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- 1999 No. 611 (S. 35)
- Explanatory Note
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Explanatory Note
(This note is not part of the Order)
A person exercising the right to buy his house under Part III of the Housing (Scotland) Act 1987 may be entitled, under section 62, to receive a discount equal to a percentage of the market value of the house. Under section 62(6A), the discount may not reduce the price below the amount which, in accordance with a determination by the Secretary of State, represents the costs incurred in respect of the house over a specified period of time. This Order amends that period so that it will in future be the period commencing with the beginning of the financial year of the landlord which was current 10 years (previously 5 years) prior to the date of service of the application to buy the house.
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