Legislation – Leasehold and Freehold Reform Act 2024
Changes to legislation:
There are currently no known outstanding effects for the Leasehold and Freehold Reform Act 2024, Paragraph 12.![]()
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Schedule 8Leasehold enfranchisement and extension: miscellaneous amendments
Part 2Shared ownership leases and the LRA 1967
Rateable value limits and low rent tests not to apply to shared ownership leases
12
“(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.”