Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Stock definition

What does Stock mean? Stock (or stock-in-trade) describes a business’s goods held for resale in the ordinary course of trade, often called inventory in accounting. In legal practice the term is descriptive rather than a defined statutory concept; rights and obligations typically arise under contract and under the Sale of Goods legislation in each jurisdiction, which governs “goods” generally rather than “stock”. Stock commonly features in: - Asset and share purchase transactions (identification, valuation and title transfer). - Security and banking documents (as a circulating asset usually covered by a floating charge; fixed security over stock is uncommon). - Insolvency and restructuring (realisation of stock; impact of retention...

Local authority housing stock transfers: LSVT/SSVT law, community-led routes, tenant ballots, Secretary of State consent, valuation and transfer contracts (England and Wales)

Published by a LexisNexis Local Government expert

Practice notes

Large scale voluntary v small scale voluntary transfers

Large scale voluntary transfer (LSVT) refers to moving all, or a significant proportion, of a local housing Authority’s (LHA) dwellings to a typically newly formed private Registered Provider (RP) of social housing, which is entered on and overseen by the Regulator of Social Housing (RSH) in England. See Practice Note: Regulation of social housing in England. An LSVT ordinarily involves the disposal of 500 or more occupied and leasehold homes by the authority. An LSVT may cover the entire existing portfolio held by an LHA, or only part of it; the latter is termed a partial Stock transfer by practitioners in practice. A small scale voluntary transfer (SSVT) means transferring 499 or fewer occupied and leasehold units usually within five years or less. An LHA proposing an SSVT must broadly follow the same procedure as for an LSVT to progress. However, there is generally potential to streamline the application requirements for an LSVT in appropriate cases. The transfer cannot proceed unless a majority of secure and introductory tenants of the properties concerned vote in favour in a ballot conducted by the local authority and the consent of the Secretary of State is...

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Web page updated on 21/05/2026

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