Part 10Special procedure for disposals and restructuring resulting in change of landlord
Chapter 1Disposals by a registered social landlord
121Regulator's approval
1
Where a direction is made under section 116(1)(b), the Regulator must—
a
approve the disposal if satisfied—
i
that a majority of tenants voting in a ballot conducted under section 118 wish the disposal to proceed, or as the case may be,
ii
that the landlord has obtained the written agreement of a majority of the tenants whose written agreement the landlord was required to seek under section 119, or
b
if not so satisfied, withdraw the conditional consent it gave under section 116(1)(b).
2
The Regulator may, before making its decision under this section, require the registered social landlord concerned to provide information about—
a
the ballot conducted under section 118, or
b
the written agreements sought under section 119.