Housing (Freeholding of Land) Act 1957
sec.8Release of chief executive’s charge on payment of conversion cost etc.
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sec.8 Release of chief executive’s charge on payment of conversion cost etc.
This section applies if— the chief executive receives payment of— the conversion cost during the payment period; or the demand amount during the period stated in a notice of intention to sell; or the chief executive agrees to accept, and receives payment of, a lesser amount in payment of the chief executive’s charge. The land in the deed of grant is released from the chief executive’s charge. The chief executive must, as soon as practicable, ask the registrar of titles to record the release of the charge in the freehold land register. The registrar of titles must, on the chief executive’s request, record the release of the charge in the freehold land register. No fee is payable for recording the release of the chief executive’s charge under this section. s 8 amd 1980 No. 49 s 9 ; 1984 No. 89 s 11 ; 2003 No. 52 s 153 sch 2 (amd 2005 No. 33 s 11 (retro)) sub 2005 No. 46 ss 13 – 14 (sec.8-ssec.1) This section applies if— the chief executive receives payment of— the conversion cost during the payment period; or the demand amount during the period stated in a notice of intention to sell; or the chief executive agrees to accept, and receives payment of, a lesser amount in payment of the chief executive’s charge. (sec.8-ssec.2) The land in the deed of grant is released from the chief executive’s charge. (sec.8-ssec.3) The chief executive must, as soon as practicable, ask the registrar of titles to record the release of the charge in the freehold land register. (sec.8-ssec.4) The registrar of titles must, on the chief executive’s request, record the release of the charge in the freehold land register. (sec.8-ssec.5) No fee is payable for recording the release of the chief executive’s charge under this section.
- (a) the chief executive receives payment of— (i) the conversion cost during the payment period; or (ii) the demand amount during the period stated in a notice of intention to sell; or
- (i) the conversion cost during the payment period; or
- (ii) the demand amount during the period stated in a notice of intention to sell; or
- (b) the chief executive agrees to accept, and receives payment of, a lesser amount in payment of the chief executive’s charge.
- (i) the conversion cost during the payment period; or
- (ii) the demand amount during the period stated in a notice of intention to sell; or