Regulation 2 InterpretationI1

F1In these Regulations—

• “the 1985 Act” means the Housing Act 1985^f1;

• “the 2008 Act” means the Housing and Regeneration Act 2008;

• “the 2011 Act” means the Localism Act 2011;

• “Affordable Rent” means the rent payable in respect of a fixed term assured shorthold tenancy with a minimum two year term where the rent—

  1. (a)

     F2...

  2. (b)

     is regulated under a F3rent standard which requires the initial rent to be set at no more than 80% of local market rent (including service charges);

• “dwelling” has the meaning given in section 275 of the 2008 Act;

• “funding condition” means a condition imposed by the Homes and Communities Agency or, in London, the Greater London Authority, when giving a grant to a private registered provider for the provision of social housing;

• “Intermediate Rent” means the rent payable in respect of a periodic or fixed term assured shorthold tenancy F4, or a private assured tenancy, where the rent—

  1. (a)

     F5is not regulated under a rent standard, but

  2. (b)

     is subject to a funding condition which requires it to be no more than 80% of local market rent;

• “Mortgage Rescue Rent” means the rent payable in respect of an assured shorthold tenancy of a dwelling let on a fixed term of three years F6, or a private assured tenancy, where—

  1. (a)

     the freehold or superior leasehold of the dwelling was purchased by a private registered provider F7... due to mortgage arrears; and

  2. (b)

     the rent F8... is subject to a funding condition which requires it to be no more than 80% of local market rent;

• F9...

• F10“private assured tenancy” means an assured tenancy which is not a social housing assured tenancy within the meaning given by section 145(8) of the Renters’ Rights Act 2025;

• “private registered provider” and “social housing” have the same meanings as in the 2008 Act^f2;

• F11“rent standard” means a standard controlling rents set by the Regulator of Social Housing under section 194(2A) of the 2008 Act;

• “shared ownership rent” means the rent payable in respect of a lease of the kind referred to in section 70(4) of the 2008 Act.