121 Circumstances in which the right to buy cannot be exercised.E+W
(1)The right to buy cannot be exercised if the tenant is obliged to give up possession of the dwelling-house in pursuance of an order of the court or will be so obliged at a date specified in the order.
(2)The right to buy cannot be exercised if the person, or one of the persons, to whom the right to buy belongs—
(a)has a bankruptcy petition pending against him,
(b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F1
(c)is an undischarged bankrupt, or
(d)has made a composition or arrangement with his creditors the terms of which remain to be fulfilled.
[F2(3)The right to buy cannot be exercised at any time during the suspension period under an order made under section 121A in respect of the secure tenancy.]
Textual Amendments
F1S. 121(2)(b) repealed by Insolvency Act 1985 (c. 65, SIF 66), s. 235, Sch. 10 Pt. III and by Insolvency Act 1986 (c.45, SIF 66), s. 437, Sch. 11, Pt. II para. 10(2)
F2S. 121(3) inserted (6.6.2005 for E. and 25.11.2005 for W.) by Housing Act 2004 (c. 34), ss. 192(1), 270(4)(5); S.S.I. 2005/1451, art. 2(b); S.I. 2005/3237, art. 2(g)