Leasehold and Freehold Reform Act 2024 (c. 22)

Schedules

Schedule 8 Leasehold enfranchisement and extension: miscellaneous amendments

Part 2 Shared ownership leases and the LRA 1967

Rateable value limits and low rent tests not to apply to shared ownership leases

12 In section 1 (tenants entitled to enfranchisement or extension), after subsection (6) insert—

“(6A) In determining whether a tenant under a tenancy which is a shared ownership lease has the right to acquire a freehold or extended lease under this Part, the following requirements of this section do not apply—

(a) any requirement for the tenancy to be at a low rent;

(b) any requirement in subsection (1)(a)(i) or (ii) for the house and premises or the tenancy to be above a certain value.”