SCHEDULES
SCHEDULE 6 Amendments of Part I of the Landlord and Tenant Act 1987
Part IV Consequential amendments
11
1
In Schedule 1 to the Landlord and Tenant Act 1987 (discharge of mortgages, &c), in paragraph 1 (construction of provisions relating to discharge in pursuance of purchase notice)—
a
for the words “the new landlord” wherever they appear substitute “
the purchaser
”
;
b
in the definition of “consideration payable”—
i
for the words “section 12(4)” substitute “
section 12B(7)
”
, and
ii
for the words “section 16(2) or (3)” substitute “
section 16(4) or (5)
”
;
c
in the definition of “nominated person”, for the words “section 12(1)” substitute “
section 12B(2)
”
.
2
In paragraphs 2, 4 and 5 of that Schedule (duty of nominated person to redeem mortgages, payments into court and savings)—
a
for the words “section 12(4)(a)” wherever they appear substitute “
section 12B(5)(a)
”
;
b
for the words “the new landlord” or “the new landlord’s” wherever they appear substitute “
the purchaser
”
or “
the purchaser’s
”
.