Part 2

Tenant’s right to buy land

Procedure for buying and valuation

Special provision where buyer is general partner in limited partnership
35
Where the person exercising a right to buy under section 28 is doing so by virtue of section 72(2)—
a
the valuer, in assessing the value of the land under subsection (2) of section 34, is to have regard to—
i
the fact that the buyer is a general partner of a limited partnership; and
ii
any provision of the partnership agreement entitling a limited partner to dissolve the partnership; and
b
paragraph (a)(ii) of that subsection is of no effect.