ABSTRACT
Tenure analysis in Britain traditionally employs three major categories: accommodation may be rented from local authorities or new-town corporations; it may be rented from private owners and in other miscellaneous tenures; or it may be owner-occupied. However, there is no evidence that the Act reduced the rate of sales of privately rented accommodation; indeed, in so far as tenants had to pay higher rents, from their point of view it made owner-occupation more attractive. The tenure transfer process can take either of two major modes: the sale to owner-occupiers by the institutional owner or, alternatively, the sale by the institution to a company specialising in break-ups stich as Jim Slater's Strongmead which would then carry through the tenure transfer itself. In the second case, the advantages to the owning institution are that it immediately benefits from the value of the sale rather than having to wait whilst individual flats are sold off, possibly over a long time-period.
