(b)
the former resident has not been paid an exit entitlement under section 63.
(2) The former resident and the scheme operator are to reconsider the resale
value of the right to reside at least every 3 months and, if possible, agree
in writing on a new resale value, which may be the same value.
(3) If the
former resident and the scheme operator can not agree on the resale value of
the accommodation unit, the operator is to obtain a valuation of the right to
reside in the unit from a valuer within a further 14 days.
(4) A valuation
obtained under subsection (3) is taken to be the agreed resale value of the
right to reside in the accommodation unit.
(5) However, subsection (4) does
not apply if—
(a) the former resident’s right to reside in the
accommodation unit was terminated under section 53(3) (d) ; and
(b) the
valuation obtained under subsection (3) is less than the previous agreed
resale value of the right to reside in the accommodation unit determined in
accordance with this section or section 60.
