(1) In this Part "product" does not include immoveable property other than a relevant lease.

(2) In this regulation "relevant lease" in relation to England and Wales means -

(a) an assured tenancy within the meaning of Part 1 of the Housing Act 1988 [1988 c.50; Part 1 was amended by the Courts and Legal Services Act 1990 (c.41), Police and Justice Act 2006 (c.48), Tribunals, Courts and Enforcement Act 2007 (c.15), Housing and Regeneration Act 2008 (c.17), Crime and Courts Act 2013 (c.22) and Anti-social Behaviour, Crime and Policing Act 2014 (c.12)], or

(b) a lease under which accommodation is let as holiday accommodation.

(3) But none of the following are relevant leases for the purposes of paragraph (2)(a) -

(a) a lease granted by -

(i) a private registered provider of social housing [For the meaning of "private registered provider of social housing" see section 80(3)(a) of the Housing and Regeneration Act 2008 (c.17).], or

(ii) a registered social landlord within the meaning of Part 1 of the Housing Act 1996 [1996 c.52; section 16A was inserted by the Housing Act 2004 (c.34), section 221. ];