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STATUTORY INSTRUMENTS
2002 No. 1091
HOUSING, ENGLAND
The Housing (Right to Acquire) (Discount) Order 2002
Made
15th April 2002
Laid before Parliament
19th April 2002
Coming into force
10th May 2002
The Secretary of State for Transport, Local Government and the Regions, in exercise of the powers conferred upon him by sections 17(1)(a) and (5) of the Housing Act 1996[1] hereby makes the following Order:
Citation, commencement and interpretation 1.
- (1) This Order may be cited as the Housing (Right to Acquire) (Discount) Order 2002 and shall come into force on 10th May 2002.
(2) In this Order "area" means a county or district in England, a London borough, or the City of London.
Amount of Discount 2.
- (1) Subject to paragraph (2), in relation to a dwelling in an area specified in Column 1 of the Schedule to this Order, the sum specified in Column 2 of that Schedule is the specified amount of discount for the purposes of section 17(1)(a) of the Housing Act 1996 (the right to acquire).
(2) Where the amount of discount under paragraph (1) is greater than 50% of the value of the dwelling at the relevant time determined in accordance with section 127 of the Housing Act 1985[2], as it applies by virtue of regulation 2(1) of the Housing (Right to Acquire) Regulations 1997[3], the amount of discount shall be 50% of the value so determined of the dwelling.
Revocation 3.
The Housing (Right to Acquire) (Discount) Order 2001[4] is hereby revoked.
Application 4.
Articles 1 to 3 of this Order do not apply in a case where a notice has been served claiming to exercise the right to acquire before this Order comes into force.
Signed by authority of the Secretary of State for Transport, Local Government and the Regions.
Falconer
Minister of State, Department for Transport, Local Government and the Regions
Tenants of registered social landlords who have a right to acquire their homes under sections 16 and 17 of the Housing Act 1996 are able to do so with a discount from the purchase price. This Order specifies for local authority areas in England the amount of discount to be given on the exercise of that right. The amount of the discount varies according to the area in which the dwelling is situated. In any event, the maximum discount a tenant may receive is limited by this Order to 50% of the market value of the dwelling.
The Order replaces the Housing (Right to Acquire) (Discount) Order 2001, and in doing so changes the amount of discount payable in 146 local authority areas.