What is Section 156 of the Housing Act 1985?
1.0 Under Section 156 A of the Housing Act 1985 there is the provision for the Right of First refusal to the Council when a property is sold through Right to Buy. This provision takes effect from the date of the original sale for a period of ten years.
What does the Housing Act 1988 do?
The Housing Act 1988 significantly reduced rent regulation, giving landlords the opportunity to charge whatever they liked for a property (something that is still the case today, despite growing calls from some for the return of rent controls of some description).
Is the Housing Act 1988 still in force?
As a tenant who currently rents a property, it’s worth having an idea of the laws that protect you and your landlord. The big one to be aware of is the Housing Act 1988. This Act continues to be the piece of legislation that oversees the majority of private sector tenancies today.
What does exempt disposal mean?
Exempt Disposal means any sale by a member of the Borrower Group of any asset where: Sample 2. Sample 3. Exempt Disposal has the meaning given to it in Clause 8.5 (Mandatory prepayment from Net Sale Proceeds).
What is a deed of postponement right to buy?
Effect of the Deed or Letter of Postponement In the event that the property is repossessed the repayment of the mortgage would automatically take priority. A deed or letter of postponement is a legal document requiring Southway to reduce its interest in the property to a third charge.
What is Section 21 Housing Act?
Section 21 Notice to quit is a legal tool, which the landlord can use to regain possession from a property which is let under an Assured Shorthold Tenancy. It gives the landlord the right to request you to leave the property, giving you two months of time under the rules of Section 21.
Is the Housing Act 1996 still in force?
Housing Act 1996 is up to date with all changes known to be in force on or before 10 November 2021. There are changes that may be brought into force at a future date.
What is a Section 21 of the Housing Act 1988?
Section 21 of the Housing Act 1988 as amended by the Housing Act 1996 requires that the landlord provides tenants of an Assured Shorthold Tenancy (AST) with a minimum of two months’ notice in writing, stating that possession of the property is sought.
What is Section 157 of the housing Act?
The Section 157 restriction was designed to help local properties to be available and affordable to local people. This is important in areas like the Cotswolds where people would like to move to from other parts of the country or invest in a holiday home.
Can you remortgage Right to Buy property?
Getting a buy-to-let mortgage for a council home bought through Right to Buy isn’t possible within the first 5 years of you buying your home. As an alternative option you could take out a residential mortgage to buy the property, wait 5 years and then remortgage onto a buy-to-let agreement.
How long does Deed of postponement take?
From the date all information is received, we will aim to return the executed Deed of Postponement to your lender (or their solicitors) within six working days.
What is Section 8 Housing Act?
A ‘section 8 notice to quit’, also known as a ‘section 8 possession notice’, is so called because it operates under section 8 of the Housing Act 1988. A section 8 notice is served on the tenant by a landlord wishing to regain possession of a property during the fixed term of an Assured Shorthold Tenancy (AST).
What are the provisions of the Housing Act 1988?
1. Assured tenancies. 2. Letting of a dwelling-house together with other land. 3. Tenant sharing accommodation with persons other than landlord. 4. Certain sublettings not to exclude any part of sub-lessor’s premises from assured tenancy. 5. Security of tenure. 6. Fixing of terms of statutory periodic tenancy. 6A.
When does the Fair Housing Amendments Act take effect?
Prohibits housing discrimination against pregnant women. States that the amendments made by this Act shall take effect 180 days after enactment of this Act. Requires the Secretary to issue rules implementing title VIII as amended by this Act within 180 days of enactment of this Act.
What are the two types of tenancy under the Housing Act?
The Housing Act provides for two types of tenancy, one with long term security, and one not. The secure tenancy is an ‘assured’ tenancy. This is very similar in many ways to the old protected tenancy, save that there is a mandatory ground for possession for serious rent arrears.