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Leasehold Reform, Housing and Urban Development Act 1993
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- UK Public General Acts
- 1993 c. 28
- SCHEDULE 14
- Paragraph 2
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Version Superseded: 01/07/2013
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- 01/11/1993- Amendment
- 01/12/2008
Point in time - 01/07/2013- Amendment
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2(1)Where an order for possession is made—E+W
(a)the new lease shall determine, and
(b)the compensation payable to the tenant by virtue of the order shall become payable,
on such date as may, when the amount of compensation has been determined either by agreement between the landlord and the tenant or by a leasehold valuation tribunal, be fixed by order of the court made on the application of either the landlord or the tenant.
(2)Where the application for possession was made by virtue of section 61(2)(a), then—
(a)(unless paragraph (b) below applies) an order of the court under this paragraph shall not fix a date earlier than the term date of the lease in relation to which the right to acquire a new lease was exercised;
(b)in a case where section 61(2)(a) applies in accordance with section 61(3), an order of the court under this paragraph shall not fix a date earlier than the term date of the lease in relation to which that right was first exercised.
(3)In fixing the date referred to in sub-paragraph (1) the court shall have regard to the conduct of the parties and to the extent to which the landlord has made reasonable preparations for proceeding with the redevelopment (including the obtaining of, or preparations relating to the obtaining of, any requisite permission or consent, whether from any authority whose permission or consent is required under any enactment or from the owner of an interest in any property).
(4)The court may by order direct that the whole or part of the compensation payable to the tenant shall be paid into court, if the court thinks it expedient to do so for the purpose of ensuring that the sum paid is available for meeting any mortgage on the tenant’s interest in the flat in question, or for the purpose of division, or for any other purpose.
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