SCHEDULES

I1SCHEDULE 1 CONDUCT OF PROCEEDINGS BY THE REVERSIONER ON BEHALF OF OTHER LANDLORDS

Annotations:
Commencement Information
I1

Sch. 1 wholly in force at 1.11.1993 see s. 188(2) and S.I. 1993/2134, art. 5

Part II CONDUCT OF PROCEEDINGS ON BEHALF OF OTHER LANDLORDS

Acts of reversioner binding on other landlords

6

1

Without prejudice to the generality of section 9(3)—

a

any notice given by or to the reversioner under this Chapter or section 74(3) following the giving of the initial notice shall be given or received by him on behalf of all the relevant landlords; and

b

the reversioner may on behalf and in the name of all or (as the case may be) any of those landlords—

i

deduce, evidence or verify the title to any property;

ii

negotiate and agree with the nominee purchaser the terms of acquisition;

iii

execute any conveyance for the purpose of transferring any interest to the nominee purchaser;

iv

receive the price payable for the acquisition of any interest;

v

take or defend any legal proceedings under this Chapter in respect of matters arising out of the initial notice.

2

Subject to paragraph 7—

a

the reversioner’s acts in relation to matters within the authority conferred on him by section 9(3), and

b

any determination of the court or a leasehold valuation tribunal under this Chapter in proceedings between the reversioner and the nominee purchaser,

shall be binding on the other relevant landlords and on their interests in the specified premises or any other property; but in the event of dispute the reversioner or any of the other relevant landlords may apply to the court for directions as to the manner in which the reversioner should act in the dispute.

3

If any of the other relevant landlords cannot be found, or his identity cannot be ascertained, the reversioner shall apply to the court for directions and the court may make such order as it thinks proper with a view to giving effect to the rights of the participating tenants and protecting the interests of other persons, but subject to any such directions—

a

the reversioner shall proceed as in other cases;

b

any conveyance executed by the reversioner on behalf of that relevant landlord which identifies the interest to be conveyed shall have the same effect as if executed in his name; and

c

any sum paid as the price for the acquisition of that relevant landlord’s interest, and any other sum payable to him by virtue of Schedule 6, shall be paid into court.

4

The reversioner, if he acts in good faith and with reasonable care and diligence, shall not be liable to any of the other relevant landlords for any loss or damage caused by any act or omission in the exercise or intended exercise of the authority conferred on him by section 9(3).