The Housing (Right to Acquire) Regulations 1997

Grant of lease

20.  A charge (however created or arising) on the interest of the landlord which is not a tenant’s incumbrance does not affect a lease granted in pursuance of the right to acquire provided that—

(a)the landlord has complied with the requirements imposed on the landlord by paragraph 22, or

(b)the holder of a charge has agreed in writing with the landlord that paragraph 22 shall not apply,

but the release does not affect the personal liability of the landlord or any other person in respect of any obligation the charge was created to secure.