Paragraph 3

For section 118(1) (the right to buy) substitute—

“118

(1)

A tenant of a registered social landlord who satisfies the conditions in section 16(1)(a) and (b) of the Housing Act 1996^f1 has the right to acquire, that is to say, the right, in the circumstances and subject to the conditions and exceptions stated in the following provisions of this Part—

(a)

if the dwelling-house is a house and the landlord owns the freehold, to acquire the freehold of the dwelling-house,

(b)

if the landlord does not own the freehold or if the dwelling-house is a flat (whether or not the landlord owns the freehold), to be granted a lease of the dwelling-house.”.