570.Paragraph 12 of schedule 1A gives the Land Court the power to phase in the rent over a 3 year period if the new rent is to be 30% or more higher, or 30% or more lower, than the current rent payable (the “original rent”) and it considers that full payment of the rental increase or decrease would cause undue hardship to either the tenant or the landlord. For example, a phasing in of a rental increase would work as follows (if X is the difference between the new rent and the original rent)—
Year 1 – original rent plus 1/3 of X
Year 2 – original rent plus 2/3 of X
Year 3 – new rent (i.e. current rent plus X).
A phasing in of a rental decrease would work as follows (if X is the difference between the original rent and the new rent)—
Year 1 – original rent less 1/3 of X
Year 2 – original rent less 2/3 of X
Year 3 – new rent (i.e. current rent less X).
The data on this page is available in the alternative data formats listed:
All content is available under the Open Government Licence v3.0 except where otherwise stated. This site additionally contains content derived from EUR-Lex, reused under the terms of the Commission Decision 2011/833/EU on the reuse of documents from the EU institutions. For more information see the EUR-Lex public statement on re-use.
