Part 7

Registered social landlords: insolvency etc.

Implementing proposals

Manager: powers
86
1
A manager appointed to implement agreed proposals may do anything necessary to secure that implementation.
2
A manager may, in particular—
a
take possession of land (and raise legal proceedings for that purpose),
b
sell or otherwise dispose of land by public auction or private contract,
c
raise or borrow money,
d
grant security over land,
e
grant or enter into, or accept a renunciation of, a lease or tenancy,
f
carry on the registered social landlord’s business (in so far as relating to management and transfer of land),
g
carry out works, or do anything else, in connection with the management or transfer of land,
h
execute deeds or other documents on behalf of the registered social landlord,
i
use the registered social landlord’s seal (if it has one),
j
make any arrangement or compromise on behalf of the registered social landlord,
k
appoint (and dismiss) agents and staff,
l
appoint a solicitor, accountant or other professional to assist the manager,
m
make payments,
n
take out insurance,
o
raise or defend legal proceedings,
p
refer a dispute to arbitration,
q
do anything incidental to the exercise of the above powers.
3
A manager acts as the registered social landlord’s agent and is accordingly not personally liable on an agreement entered into as manager.
4
Anyone dealing with a manager in good faith and for value need not inquire whether the manager is acting within the powers conferred by virtue of this section.
5
A manager must, so far as practicable—
a
consult the registered social landlord’s tenants before doing anything likely to affect them, and
b
inform them of the effect of any such action.