# Housing Act 1980, Paragraph 1


(1) Section 86 of the 1977 Act is amended as follows.
(2) In subsection (2) after the word “ tenancy”, where it first occurs, there are inserted the words “ (other than a co-ownership tenancy)”.
(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(4) After subsection (3) there is inserted the following subsection—
“(3A) For the purposes of this section a tenancy is a “ co-ownership tenancy” if—
(a) it was granted by a housing association which falls within section 15(3)(d) of this Act ; and
(b) the tenant (or his personal representatives) will, under the terms of the tenancy agreement or of the agreement under which he became a member of the association, be entitled, on his ceasing to be a member and subject to any conditions stated in either agreement, to a sum calculated by reference directly or indirectly to the value of the dwelling house.”.
(5) For subsection (4) there is substituted the following subsection—
“(4) In this Part of this Act “ housing trust” has the same meaning as in section 15 of this Act.”.

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Source: https://www.legislation.gov.uk/ukpga/1980/51/schedule/10/paragraph/1 (the official version)
Page: https://openlegislation.uk/housing-act-1980/schedule-10/paragraph-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.