SCHEDULES

SCHEDULE 8Enfranchisement by company: amendments

17

1

Section 28 (withdrawal from acquisition) is amended as follows.

2

In subsection (1), for “participating tenants” substitute “ RTE company ”.

3

For subsection (2) substitute—

2

A notice of withdrawal must be given to—

a

each person who is the qualifying tenant of a flat contained in the specified premises;

b

the reversioner in respect of the specified premises; and

c

every other relevant landlord who has given to the RTE company a notice under paragraph 7(1) or (4) of Schedule 1.

4

In subsection (4), for the words from “participating tenants” to the end of paragraph (b) substitute

RTE company under subsection (1)—

a

the company, and

b

(subject to subsection (5)) every person who is, or has at any time been, a participating member of the company,

5

In subsection (5)—

a

in paragraph (a), for “participating” substitute “ qualifying ”,

b

in paragraph (b), for “tenant in accordance with section 14(4)” substitute “ member of the RTE company ”, and

c

for “shall be construed in accordance with section 14(10)” substitute “ includes an assent by personal representatives, and assignment by operation of law where the assignment is to a trustee in bankruptcy or to a mortgagee under section 89(2) of the Law of Property Act 1925 (c. 20) (foreclosure of leasehold mortgage) ”.

6

In subsections (6) and (7), for “nominee purchaser” substitute “ RTE company ”.

7

In the sidenote, for “participating tenants” substitute “ RTE company ”.