# Housing Associations Act 1985, Paragraph 4

Extent: E+W+S

(1) A disposal, whether of the whole or part of the house, is a relevant disposal for the purposes of this Schedule if it is—
(a) a conveyance of the freehold or an assignment of the lease, or
(b) the grant of a lease or sub-lease (other than a mortgage term) for a term of more than 21 years otherwise than at a rack rent.
(2) For the purposes of sub-paragraph (1)(b) it shall be assumed—
(a) that any option to renew or extend a lease or sub-lease, whether or not forming part of a series of options, is exercised, and
(b) that any option to terminate a lease or sub-lease is not exercised.

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Source: https://www.legislation.gov.uk/ukpga/1985/69/schedule/2/paragraph/4 (the official version)
Page: https://openlegislation.uk/housing-associations-act-1985/schedule-2/paragraph-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.