- Latest available (Revised)
- Original (As made)
This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
16.—(1) In section 20(1), at the beginning there shall be inserted “Subject to subsection (4A) below,”.
(2) After section 20(4) there shall be inserted—
“(4A) Where the landlord and the tenant have agreed in writing, after the commencement of this subsection, to limit the amount of compensation payable under section 16 of this Act in respect of any tenant’s improvement, that amount shall be the lesser of—
(a)the amount determined in accordance with subsections (1) to (4) above, and
(b)the compensation limit.
(4B) In subsection (4A) above, “the compensation limit” means—
(a)an amount agreed by the parties in writing, or
(b)where the parties are unable to agree on an amount, an amount equal to the cost to the tenant of making the improvement.”.
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made):The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: