Housing (Miscellaneous Provisions) Act 2009

Repayment on expiration of charged period.

89.— (1) Subject to subsection (2), within 1 month of the expiration of the charged period, the purchaser shall pay to the housing authority an amount equal to the amount of the charge outstanding under the charging order on the date of expiration of the charged period.

(2) Where material improvements have been made to the dwelling, the purchaser shall pay to the housing authority an amount equal to that proportion of the net market value of the dwelling as corresponds to the amount of the charge outstanding under the charging order on the date of expiration of the charged period.

(3) Where the purchaser fails to pay the amount referred to in subsection (1) or (2), as appropriate, section 91 applies.