Fourth Draft
7.5 The Right to Acquire
Tenants transferring from the Council, and new tenants of THCH, may have the "Right to Acquire" their home. As a transferring tenant, you would be able to choose between this scheme and the Preserved Right to Buy, but you would not be able to benefit from both.
The maximum discount under the Right to Acquire is also currently £16,000. The amount of discount you would be entitled to under the Right to Acquire is a fixed grant amount for the area in which you live. The fixed amount for Tower Hamlets is £16,000 regardless of how long the tenancy is (subject to the minimum requirement).
Similar rules to those that apply under the Right to Buy scheme relating to repayment of discount and exclusions for some types of properties (such as sheltered housing) also apply to the Right to Acquire scheme.
First Draft
7.5 The Right to Acquire
Tenants transferring from the Council, and new tenants of THCH, may have the "Right to Acquire" their home. As a transferring tenant, you would be able to choose between this scheme and the Preserved Right to Buy, but you would not be able to benefit from both.
The maximum discount under the Right to Acquire is also currently £16,000. The amount of discount you would be entitled to under the Right to Acquire is a fixed grant amount for the area in which you live. The fixed amount for Tower Hamlets is £16,000 regardless of how long the tenancy is (subject to the minimum requirement).
Similar rules to those that apply under the Right to Buy scheme relating to repayment of discount and exclusions for some types of properties (such as sheltered housing) also apply to the Right to Acquire scheme.
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