PART V THE RIGHT TO BUY
Modifications of Leasehold Reform Act 1967 in relation to leases granted under this Part
172 Exclusion of leases where landlord is housing association and freeholder is a charity.
(1)
Part I of the M1Leasehold Reform Act 1967 (enfranchisement and extension of long leaseholds) does not apply where, in the case of a tenancy or sub-tenancy to which this section applies, the landlord is a housing association and the freehold is owned by a body of persons or trust established for charitable purposes only.
(2)
This section applies to a tenancy created by the grant of a lease in pursuance of this Part of a dwelling-house which is a house.
(3)
Where Part I of the 1967 Act applies as if there had been a single tenancy granted for a term beginning at the same time as the term under a tenancy falling within subsection (2) and expiring at the same time as the term under a later tenancy, this section also applies to that later tenancy.
(4)
This section applies to any sub-tenancy directly or indirectly derived out of a tenancy falling within subsection (2) or (3).
F1173. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
174 Leases granted under this Part to be treated as long leases at a low rent.
For the purposes of Part I of the M2Leasehold Reform Act 1967 (enfranchisement and extension of long leaseholds)—
(a)
a tenancy created by the grant of a lease in pursuance of this part of a dwelling-house which is a house shall be treated as being a long tenancy notwithstanding that it is granted for a term of 21 years or less, F2. . .
F2(b)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
175 Determination of price payable.
(1)
Where, in the case of a tenancy or sub-tenancy to which this section applies, the tenant exercises his right to acquire the freehold under Part I of the Leasehold Reform Act 1967, the price payable for the dwelling-house shall be determined in accordance with section 9(1A) of that Act notwithstanding that F3the circumstances specified in that section do not apply.
(2)
This section applies to a tenancy created by the grant of a lease in pursuance of this Part of a dwelling-house which is a house.
(3)
Where Part I of the 1967 Act applies as if there had been a single tenancy granted for a term beginning at the same time as the term under a tenancy falling within subsection (2) and expiring at the same time as the term under a later tenancy, this section also applies to that later tenancy.
(4)
This section applies to any sub-tenancy directly or indirectly derived out of a tenancy falling within subsection (2) or (3).
(5)
This section also applies to a tenancy granted in substitution for a tenancy or sub-tenancy falling within subsections (2) to (4) in pursuance of Part I of the 1967 Act.