The Housing (Shared Ownership Leases) (Exclusion from Leasehold Reform Act 1967) (England) Regulations 2009

Acquisition of the landlord’s interest in the house: requirements prescribed under paragraph 3A(2)(f) of Schedule 4A to the Act

7.—(1) The following requirements are prescribed under paragraph 3A(2)(f) of Schedule 4A to the Act for the purposes of paragraph 3A(1)(a) of that Schedule.

(2) The lease must provide that the tenant may not acquire the landlord’s interest until the tenant has acquired 100 per cent of the shares in the house.

(3) If the lease specifies the date after which the tenant may acquire the landlord’s interest, such date must not be later than 12 months after the date the tenant first acquired shares in the house.

(4) Where the lease does not provide for the landlord’s interest to be transferred automatically to the tenant once the tenant has acquired 100 per cent of the shares in the house, it must provide for the tenant to acquire the landlord’s interest—

(a) by serving notice in writing on the landlord at any time during the term of the lease; and

(b) requiring the landlord’s interest to be transferred to the tenant as soon as practicable after the coming into effect of the notice referred to in sub-paragraph (a).

(5) The lease must not make provision entitling the landlord to make any charge for the conveyance or assignment of his interest in the house.