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The Development Board for Rural Wales (Transfer of Housing Stock) (Amendment) Regulations 1994

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Amendments to the Principal Regulations

11.  Regulation 16 shall be amended as follows:—

(a)in paragraph (2) for the words “as he shall reasonably require.” there shall be substituted the words “as he or they may reasonably require.”;

(b)for sub-paragraph (3)(d) there shall be substituted the following sub-paragraphs:—

“(d)that inflation is constant at 0% and

(e)that the rent in respect of a subsisting tenancy mentioned in sub-paragraph (a) of any dwelling occupied as such at the date of transfer:—

(i)for the period ending immediately before the first anniversary of the relevant date after the transfer will not exceed that charged by the Board at the date of transfer; and

(ii)thereafter would increase (if at all) on each anniversary of the relevant date by an amount not exceeding 4%.”; and

(c)in paragraphs (4) and (5) for the words “paragraph (3)(d)” where they occur in each of the paragraphs, there shall be substituted the words “paragraph (3)(e)”.

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