1 Tenants entitled to enfranchisement or extension

Part I Enfranchisement and Extension of Long Leaseholds

Right to enfranchisement or extension

1  Tenants entitled to enfranchisement or extension

(1)     This Part of this Act shall have effect to confer on a tenant of a leasehold house. . . a right to acquire on fair terms the freehold or an extended lease of the house and premises where—

[(a)     his tenancy is a long tenancy at a low rent ²¹²Ô»å,—

(i)     if the tenancy was entered into before 1st April 1990[, or on or after 1st April 1990 in pursuance of a contract made before that date, and the house and premises had a rateable value at the date of commencement of the tenancy or else at any time before 1st April 1990,] subject to subsections (5) and (6) below, the rateable value of the house and premises on the appropriate day was not more than £200 or, if it is in Greater London, than £400; and

(ii)     if the tenancy [does not fall within sub-paragraph (i) above,] on the date the contract for the grant of the tenancy was made or, if there was no such contract, on the date the tenancy was entered into R did not exceed £25,000 under

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