709. The Regulator of Social Housing; charitable housing trusts.

A tenancy1 is not a protected tenancy2 at any time3 when the interest of the landlord4 under that tenancy5 belongs to the Regulator of Social Housing6 or a housing trust which is a charity7; nor is a person at any time a statutory tenant8 of a dwelling house if the interest of his immediate landlord would belong at that time to any of those bodies9. For these purposes, 'housing trust' means a corporation or body of persons which:

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    (1)     is required by the terms of its constituent instrument to use the whole of its funds, including any surplus which