The Liverpool Housing Action Trust (Transfer of Property) Order 1993

• Citation: S.I. 1993/2171
• Sections: 5

Section 1 Citation and commencement

This Order may be cited as the Liverpool Housing Action Trust (Transfer of Property) Order 1993 and shall come into force on 4th October 1993.

Section 2 Interpretation

In this Order—

“the council” means the council of the City of Liverpool;

“the transfer date” means 4th October 1993; and

“the trust” means the Liverpool Housing Action Trust.

Section 3 Transfer of Land

Subject to article 4 of this Order, the interest of the council in the housing and other land within the area designated as a housing action trust area by the Liverpool Housing Action Trust (Area and Constitution) Order 1993 shall vest in the trust on the transfer date together with all easements and rights vested in the council which are annexed or appurtenant to the land transferred by this Order (or any part of the land).

Section 4 Mortgages

The interest of the council in any mortgage effected in pursuance of a secure tenant’s right to a mortgage under section 132 of the Housing Act 1985 shall not vest in the trust.

Section 5 Financial terms

(1) On the transfer date the trust shall pay to the council £300,000 in respect of arrears of rent falling due before the transfer date and arising under secure tenancies of housing transferred by this Order.

(2) If any part of the sum payable under paragraph (1) is unpaid, the trust shall further pay the council interest at such rate as may be prescribed by regulations under section 32 of the Land Compensation Act 1961 while it remains unpaid.

(3) Payments to the council under this article shall not be regarded for the purposes of Part IV of the Local Government and Housing Act 1989 as sums received by the council in respect of a disposal falling within section 58(1)(a) of that Act.