Leasehold and Freehold Reform Act 2024

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

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12In 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.