Schedules

Schedule 8Leasehold enfranchisement and extension: miscellaneous amendments

Part 2Shared ownership leases and the LRA 1967

I112Rateable value limits and low rent tests not to apply to shared ownership leases

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.