# Leasehold and Freehold Reform Act 2024, Paragraph 12: Rateable value limits and low rent tests not to apply to shared ownership leases

Extent: E+W
Status: prospective

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.”

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Source: https://www.legislation.gov.uk/ukpga/2024/22/schedule/8/paragraph/12 (the official version)
Page: https://openlegislation.uk/leasehold-and-freehold-reform-act-2024/schedule-8/paragraph-12
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.