SCHEDULE 1MODIFICATIONS TO PART V AS APPLIED TO THE PRESERVED RIGHT TO BUY
PART IEXCEPTIONS AND ADAPTATIONS
26
In section 156 (liability to repay is a charge on the premises)–
a
in subsections (1) and (3A), for the words “required by” substitute the words “imposed by virtue of”;
b
for subsection (2) substitute–
2
The charge has priority immediately after any legal charge securing an amount–
a
advanced to the qualifying person for the purpose of enabling him to exercise the right to buy, or
b
further advanced to him by the person who made that advance.
c
omit subsections (4) to (6).