1323. University or college landlords.

Where a Chapter I landlord1 is a university or college to which the Universities and College Estates Act 19252 applies, any sum payable to the landlord by way of the price payable for any interest3 on its acquisition4 must be dealt with as if it were an amount payable by way of consideration on a sale effected under that Act5.

Where a Chapter II landlord6 is a university or college to which that Act applies: