[156A Right of first refusal for landlord etc]

[156A  Right of first refusal for landlord etc]

[(1)     A conveyance of the freehold or grant of a lease in pursuance of this Part shall contain the following covenant, which shall be binding on the secure tenant and his successors in title.

This is subject to subsection (8).

(2)     The covenant shall be to the effect that, until the end of the period of ten years beginning with the conveyance or grant, there will be no relevant disposal which is not an exempted disposal, unless the prescribed conditions have been satisfied in relation to that or a previous such disposal.

(3)     In subsection (2) “the prescribed conditions” means such conditions as are prescribed by regulations under this section at the time when the conveyance or grant is made.

(4)     The Secretary of State may by regulations prescribe such conditions as he considers appropriate for and in connection with conferring on—

(a)     a landlord who has conveyed a freehold or granted a lease to

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