Paragraph 27

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

Sch. para. 3 word substituted by Housing Measure 2011 (Consequential Amendments to Subordinate Legislation) 2012 Sch. para. 2(2)(a)
Sch. para. 5 words substituted by Housing Measure 2011 (Consequential Amendments to Subordinate Legislation) 2012 Sch. para. 2(2)(b)(i)
Sch. para. 5 words inserted by Housing Measure 2011 (Consequential Amendments to Subordinate Legislation) 2012 Sch. para. 2(2)(b)(i)
Sch. para. 5(3) inserted by Housing Measure 2011 (Consequential Amendments to Subordinate Legislation) 2012 Sch. para. 2(2)(b)(ii)
Sch. para. 5(3) word substituted by Housing Measure 2011 (Consequential Amendments to Subordinate Legislation) 2012 Sch. para. 2(2)(b)(iii)
Sch. para. 38(a)(iii) words added by Housing Measure 2011 (Consequential Amendments to Subordinate Legislation) 2012 Sch. para. 2(2)(c)

After section 144 insert the following section—

“Withdrawal of tenant’s notice.

144A

(1)

If the tenant wishes to withdraw his notice claiming to exercise the right to acquire on rent to mortgage terms, he may do so—

(a)

before he has received the freeholder’s notice under section 146 (notice admitting or denying right), by notice in writing served on the landlord, or

(b)

after he has received the freeholder’s notice under section 146, by notice in writing served on the freeholder.

(2)

The landlord shall, as soon as practicable, serve a copy of a notice issued under paragraph (a) of subsection (1) on the freeholder and each intermediate landlord (if any) and the freeholder shall similarly serve a copy of a notice issued under paragraph (b) of that subsection on the landlord and any intermediate landlord.

(3)

Where a notice claiming to exercise the right to acquire on rent to mortgage terms is withdrawn, the tenant may complete the transaction in accordance with the provisions of this Part relating to the right to buy.

(4)

Where, in pursuance of subsection (3), the tenant notifies the freeholder that he intends to complete the transaction in accordance with the right to buy provisions, the freeholder shall, as soon as practicable, notify this fact in writing to the landlord and to the intermediate landlords (if any).”.