SCHEDULES

F2SCHEDULE 4A Exclusion of Certain Shared Ownership Leases

Annotations:
Amendments (Textual)

F3 Certain leases granted by housing associationsF3Certain housing association and other leases

Annotations:
Amendments (Textual)
F3

Sch. 4A para. 3 cross-heading substituted (1.12.2008 for E. for specified purposes, 7.9.2009 for E. in so far as not already in force) by Housing and Regeneration Act 2008 (c. 17), ss. 301(2), 325(1); S.I. 2008/3068, art. 4(5) (with arts. 6-13); S.I. 2009/2096, art. 2(2)(b) (with art. 3(1)(2))

4

1

A lease for the elderly granted by a F1registered housing association and which complies with the conditions set out in sub-paragraph (2) is excluded from the operation of this Part of this Act at any time when the interest of the landlord belongs to F4a relevant housing provider .

2

The conditions are that the lease—

a

is granted at a premium which is calculated by reference to a percentage of the value of the house or of the cost of providing it,

b

complies, at the time when it is granted, with such requirements as may be prescribed, and

c

states the landlord’s opinion that by virtue of this paragraph the lease will be excluded from the operation of this Part of this Act at any time when the interest of the landlord belongs to F5a relevant housing provider .

3

In this paragraph—

“lease for the elderly” has such meaning as may be prescribed; and

F6“relevant housing provider” means—

  1. a

    in relation to a lease of social housing within the meaning of Part 2 of the Housing and Regeneration Act 2008, a private registered provider of social housing, or

  2. b

    a registered social landlord within the meaning of Part 1 of the Housing Act 1996.