Right to Buy
As a fully mutual Co-operative,
Tenants First is exempt from the right to buy provision in the Act. However, if
a tenant currently has the right to buy they will retain this option for the
property they currently live in. As now if a tenant then moves to another
property within the Co-operative they will lose the right to buy option.
The Co-operative will be
required to inform tenants about their obligations if they exercise (where
applicable) their right to buy; for example maintenance of common areas and the
consequences of failure to keep up repayments on a mortgage.
The discounted rates will
remain the same and are as follows:
