74ALeaving the social housing stock: transfer by private providers

1

A dwelling ceases to be social housing if a private registered provider of social housing owns the freehold or a leasehold interest and transfers it to a person who is not a registered provider of social housing.

2

Subsection (1) does not apply if and for so long as the private registered provider has a right to have the interest transferred back to it.

3

Subsection (1) does not apply where low cost home ownership accommodation is transferred to—

a

the “buyer” under equity percentage arrangements (see section 70(5)), or

b

the trustees under a shared ownership trust (see section 70(6)).

4

See section 73 for circumstances when low cost home ownership accommodation ceases to be social housing.