Commentary on provisions of Act Section 24: Exceptions
The section makes provision for exceptions to the rent reduction requirement set out in Section 23. Subsection (1) provides that the rent reduction requirements do not apply to low cost home ownership or shared ownership.
	Subsection (2) provides that the rent reduction requirement does not apply when the property is subject to a mortgage and the mortgagee is in possession of the property, a receiver is appointed to enforce the mortgage, or a person is appointed to exercise powers that include the power to sell or dispose of the property to enforce the mortgage (this includes the appointment of an administrator under paragraph 14 of Schedule B1 to the Insolvency Act 1986).
	Subsection (3) provides that if the property is sold or disposed of by the mortgagee for the purpose of enforcing the mortgage, or a receiver or other person described in subsections (2)(b) and (c) then the rent reduction requirements cease to apply to that property from that time.
	Subsection (4) defines mortgage and mortgagee for the purposes of subsections (2) and (3).
	Subsections (5) to (10) give the Secretary of State power to make regulations to disapply the rent reduction requirement in other cases.