F1Part 4ARent: properties in a rent control area (other than exempt properties)
Chapter 1Initial provisions and restrictions in relation to rent etc.
Key definitions in this Part
43CMeaning of “relevant rent increase”
(1)
In this Part, “relevant rent increase”, in relation to a current tenancy, means—
(a)
an increase in the amount payable in rent under a previous private residential tenancy or an assured tenancy of a property that is the same or substantially the same as the property let (or to be let) under the current tenancy (“a relevant tenancy”),
(b)
a setting of the initial rent under a relevant tenancy (“tenancy A”) if—
(i)
that initial rent is an amount exceeding the final rent under the relevant tenancy that immediately preceded tenancy A (“tenancy B”),
(ii)
tenancy B ended no more than 12 months before the start of tenancy A, and
(iii)
the property let under tenancy A is not an excluded property as mentioned in subsection (2).
(2)
For the purpose of subsection (1), property let under tenancy A is an excluded property if—
(a)
the property was purchased by the landlord under tenancy A with vacant possession, and
(b)
tenancy A was the first private residential tenancy or assured tenancy granted by the landlord since the purchase.