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Leasehold and Freehold Reform Act 2024
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- UK Public General Acts
- 2024 c. 22
- Schedule 8
- Part 2
- Paragraph 12
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There are currently no known outstanding effects for the Leasehold and Freehold Reform Act 2024, Paragraph 12.
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Prospective
Rateable value limits and low rent tests not to apply to shared ownership leasesE+W
This section has no associated Explanatory Notes
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.”
Commencement Information
I1Sch. 8 para. 12 not in force at Royal Assent, see s. 124(3)
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