SCHEDULE 2 PART V AS IT APPLIES IN CASES WHERE THE RIGHT TO BUY IS PRESERVED

THE RIGHT TO BUY

Modifications of Leasehold Reform Act 1967 in relation to leases granted under this Part

174.    Leases granted under this Part to be treated long leases at a low rent.

For the purposes of Part I of the Leasehold 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.