What are the qualifying criteria?
The main criteria are that:- • The building must be a self contained block of flats (which includes a converted building as well as a purpose built one) • The building must have no more than 25% non residential use • Two thirds of the flats must be let to qualifying tenants • A qualifying tenant is one who holds the flat under a long lease, namely one which, is for a term of more than 21 years.
