S.L. 328.4 · Home Ownership (Encouragement) (S.L. 328.4)
S.L. 328.4 ст. 10Transfer by the beneficiary.
(1) Any dwelling-house purchased under this Scheme shall not be transferred under any title, other than causa mortis, by the beneficiary unless he complies with the following provisions of this clause.
(2) Where the transfer is to take place within ten years from the date of the deed of sale under this Scheme the beneficiary shall, before the transfer is effected, pay to the Authority and the financial institution approved by it under this Scheme, as the case may be, the whole or part of the value of the sum total of any grant, subsidy and any other benefit under this Scheme as laid down in the second column of Table B annexed to this Scheme according to the length of the period that has passed after the date of the deed of sale with the Authority as shown in the first column of the said Table.
(3) Where the transfer of the dwelling-house purchased under this Scheme is to take place after ten years from the date of the publication of the deed of sale, the beneficiary shall not make any payment as provided in sub-clause (2) but shall give the Authority one month’s notice of his intention to transfer the said dwelling-house and the Authority shall thereupon terminate any arrangement for the subsidy under this Scheme of any interests payable by the beneficiary.