Section 155 of the Housing Act 1985 (repayment of discount on early disposal) is amended in accordance with subsections (2) and (3).
For subsections (2) and (3) substitute—
In subsection (3A) (modifications where tenant has served operative notice of delay) for "three years" substitute ." five years "
After section 155 insert—
The amendments made by this section do not apply in any case where the tenant's notice under section 122 of the Act (notice claiming to exercise right to buy) was served before the day on which this section comes into force.
Subsection (7), however, applies in any such case if the first relevant disposal to which the covenant for repayment of discount applies takes place on or after the day on which this section comes into force.
In the following provisions—
any reference (however expressed) to a person being liable to pay an amount to the landlord on demand is to be read as a reference to his being liable to pay to the landlord so much of that amount (if any) as the landlord may demand.
In subsections (6) and (7) "covenant for repayment of discount" means the covenant contained in a conveyance or grant in accordance with section 155 of that Act.