Housing (Building Facilities) Act, 1924

Conditions attaching to receipt of grant.

4.—(1) A house in respect of the erection or reconstruction of which a grant is made under this Act shall not at any time before the 26th day of June, 1926, be sold or leased at a price, fine or rent exceeding the appropriate price, fine or rent specified in Part I. of the Schedule to this Act:

Provided that in the case of a reconstructed house to which the Increase of Rent and Mortgage Interest (Restrictions) Act, 1923, applies, the rent shall not exceed the rent allowable under that Act, but the percentage increase allowable under sub-section (1) (a) of Section 8 of that Act shall be calculated on the amount of expenditure referred to in that sub-section, less the value, to be determined by the Minister, of any assistance granted under this Act in respect of the reconstruction.

(2) If any person contravenes any of the provisions of the foregoing sub-section he shall be guilty of an offence under this Act and shall be liable on summary conviction to a fine not exceeding £100.