75Leaving the social housing stock: disposal with consent
(1)A dwelling ceases to be social housing if it is disposed of with the regulator’s consent in accordance with—
(a)Chapter 5,
(b)section 171D of the Housing Act 1985 (c. 68) (consent to certain disposals of housing obtained subject to the preserved right to buy), or
(c)section 81 or 133 of the Housing Act 1988 (c. 50) (consent to certain disposals of housing obtained from housing action trusts or local authorities).
(2)Subsection (1) does not apply to a disposal in pursuance of shared ownership arrangements or equity percentage arrangements.
(3)Subsection (1) does not apply if the consent is conditional upon the dwelling continuing to be low cost rental accommodation or low cost home ownership accommodation.
(4)A condition of that kind shall include provision for determining when the dwelling ceases to be social housing.