22. In section 139 (terms and effect of conveyance)—
(a)in subsection (1), omit the words “a grant of a lease so executed shall conform with Parts I and III of that Schedule;”;
(b)after subsection (1) insert the following subsection—
“(1A) The freeholder shall—
(a)execute the conveyance on its own behalf and in the names of the landlord and the intermediate landlord or landlords (if any) and it shall be binding on those authorities or bodies, and
(b)secure that the conveyance states that it is a conveyance to which this subsection applies”; and
(c)for subsection (2) substitute—
“(2) The secure tenancy, the lease of the landlord and the lease of each of the intermediate landlords (if any), in so far as any such lease relates to the dwelling-house, come to an end and are extinguished on the grant to the tenant of an estate in fee simple in pursuance of the right to buy; and if there is then a subtenancy deriving out of the secure tenancy section 139 of the Law of Property Act 1925(1) (effect of extinguishment of reversion) applies as on a merger or surrender.”.