1222. Price payable on enfranchisement of house where tenancy created by the grant of a lease in pursuance of the right to buy.

Where, in the case of a tenancy or subtenancy1 created by the grant of a lease in pursuance of the right to buy2, the tenant exercises his right to acquire the freehold under Part I of the Leasehold Reform Act 19673, the price payable must be determined in accordance with the statutory provisions relating to houses within the higher range of rateable values