Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Shares definition

What does Shares mean? In company law practice, a share is a unit of a member’s interest in a company, carrying the rights and obligations attached to its class (for example, voting, dividends and return of capital on a winding up). The Companies Act 2006 simply states that a share is a share in a company’s share capital; the Irish Companies Act 2014 adopts a broadly equivalent approach. Usage and effect are consistent across England & Wales, Scotland, Northern Ireland and Ireland. A company’s share capital comprises the number of shares it allots and issues to investors on or after incorporation. Those...

Right to Acquire (England): statutory code, eligibility and discounts for housing association tenants; key differences from Right to Buy

Published by a LexisNexis Local Government expert

Practice notes

What is the Right to Acquire?

The Right to Acquire (RTA) gives qualifying housing association tenants a legal right to purchase the freehold or a long leasehold interest in their home at a fixed discount. Though it closely resembles the better-known statutory Right to Buy (RTB) for most secure tenants—and relies on much of the same legislation—the RTA arrived later, created by the Housing Act 1996 and brought into force on 1 April 1997.

Lower take-up by tenants of the RTA scheme

RTA is markedly less popular than RTB. Government data (Social housing sales and demolitions 2022–23) records 12,748 RTA sales of social housing since its introduction in 1998. In 2022–23, there were 1,680 RTA sales, a 20% rise on 2021–22. Despite this recent growth, activity remains far below RTB levels. In 2022–23, 14,085 sales were completed under RTB or Preserved RTB (PRTB), representing 90% of the total across all three schemes. RTA accounted for just under 10% of the...

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Web page updated on 21/05/2026

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