[143B Right excluded if minimum initial payment exceeds maximum initial payment]
Housing Act 1985 (1985 c 68) | Legislation

[143B  Right excluded if minimum initial payment exceeds maximum initial payment]

[(1)     The right to acquire on rent to mortgage terms cannot be exercised if the minimum initial payment in respect of the dwelling-house exceeds the maximum initial payment in respect of it.

(2)     The maximum initial payment in respect of a dwelling-house is 80 per cent of the price which would be payable if the tenant were exercising the right to buy.

(3)     Where, in the case of a dwelling-house which is a house, the weekly rent at the relevant time did not exceed the relevant amount, the minimum initial payment shall be determined by the formula—

P = R x M

·É³ó±ð°ù±ð—

P = the minimum initial payment;

R = the amount of the weekly rent at the relevant time;

M = the multiplier which

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