Part 10

Special procedure for disposals and restructuring resulting in change of landlord
Chapter 1

Disposals by a registered social landlord

Regulator’s consent
116
1
Following consultation under section 115, the Regulator may—
a
refuse consent to the disposal, or
b
consent to the disposal, subject to tenant authorisation.
2
Tenant authorisation is given when—
a
the Regulator—
i
directs the registered social landlord to conduct a ballot under section 118, or
ii
directs the registered social landlord to seek the written agreement of tenants in accordance with section 119, and
b
the outcome is approved by the Regulator under section 121.
3
The Regulator when making its decision under subsection (1)—
a
must have regard to the results of the consultation under section 115, and
b
may have regard to any other information available to it.
4
Where the disposal is to a person other than a registered social landlord, the Regulator must not consent unless it is satisfied that a disposal to a registered social landlord is not appropriate.
5
A consent under this section may be subject to such conditions as the Regulator thinks fit.
6
Nothing in section 121 affects the Regulator’s general discretion to refuse consent to a disposal under this section on grounds relating to whether a disposal is supported by tenants.