PART 5Community empowerment
CHAPTER 3Assets of community value
Moratorium on disposing of listed land
96Meaning of “relevant disposal” etc in section 95
1
This section applies for the purposes of section 95.
2
A disposal of the freehold estate in land is a relevant disposal of the land if it is a disposal with vacant possession.
3
A grant or assignment of a qualifying leasehold estate in land is a relevant disposal of the land if it is a grant or assignment with vacant possession.
4
If a relevant disposal within subsection (2) or (3) is made in pursuance of a binding agreement to make it, the disposal is entered into when the agreement becomes binding.
5
Subject to subsection (4), a relevant disposal within subsection (2) or (3) is entered into when it takes place.
6
In this section “qualifying leasehold estate”, in relation to any land, means an estate by virtue of a lease of the land for a term which, when granted, had at least 25 years to run.
7
The appropriate authority may by order amend this section.