Paragraph 12 Rateable value limits and low rent tests not to apply to shared ownership leasesI1

In section 1 (tenants entitled to enfranchisement or extension), after subsection (6) insert—

“(6A)

In determining whether a tenant under a tenancy which is a shared ownership lease has the right to acquire a freehold or extended lease under this Part, the following requirements of this section do not apply—

(a)

any requirement for the tenancy to be at a low rent;

(b)

any requirement in subsection (1)(a)(i) or (ii) for the house and premises or the tenancy to be above a certain value.”