Part 2Regulation of Social Housing
Chapter 7Enforcement powers
Management etc.
I1254Section 253: supplemental
1
A transfer under section 253 shall be on terms specified in, or determined in accordance with, the requirement.
2
The price shall be not less than an amount certified by the district valuer as the amount the property would fetch if sold by a willing seller to another registered provider.
3
The terms shall include provision as to the payment of any debts or liabilities in respect of the land (whether or not secured on it).
4
A requirement to transfer land may be imposed only with the Secretary of State's consent (both as to the transfer and the terms).
5
Where land is transferred to the regulator under section 253(2)(a)—
a
the regulator may dispose of it only to a registered provider, and
b
if it is transferred by a non-profit registered provider, the regulator may dispose of it only to a non-profit registered provider.