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3(1)Subject to paragraph 3(1)(c) of Part III of the Schedule to the [1971 c. 40.] Fire Precautions Act 1971 and sub-paragraphs (4) and (5) of this paragraph, the permitted increase is an increase to an amount calculated in accordance with the formulae set out in sub-paragraph (2) or (3) below, and for the purposes of this paragraph—
PRL is the previous rent limit;
SE is the service element;
RR is the registered rent;
SS(1) is the specified sum in respect of a rental period which begins during the first year of the period of delay;
SS(2) is the specified sum for a rental period which begins during the second year of that period.
(2)The permitted increase for a rental period which begins during the first year of the period of delay is an increase to the greater of the following amounts, namely—
(a)
(b)
PRL + SE + SS(1).
(3)The permitted increase for a rental period which begins during the second year of the period of delay is an increase to the greater of the following amounts namely—
(a)
(b)
PRL + SE + SS(2).
(4)Where the permitted increase for any rental period in terms of sub-paragraph (2) or (3) above, other than any increase permitted in respect of a service element, would exceed £1.50 per week, the period of delay shall be extended, and
(a)the permitted increase for a rental period which begins during the first year of the period of delay is an increase to the following amount—
PRL + SE + £1.50 per week;
and
(b)the permitted increase for a rental period which begins during a subsequent year of the period of delay is an increase to the amount which, for the last rental period beginning before that year, was payable by way of rent, having regard to the provisions of any enactment, plus
(i)any increase permitted in respect of a service element not previously recovered ; and
(ii)£1.50 per week.
(5)Nothing in this Schedule shall enable a rent to be increased to an amount greater than the registered rent.
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