Rates (Northern Ireland) Order 1977

[F13A.—(1) In estimating the net annual value [F2or capital value] of a relevant hereditament during a deemed completion period, the actual state of the hereditament shall be taken to be a state of reasonable repair excluding any repairs which a reasonable landlord would consider uneconomic.N.I.

(2) In this paragraph—

  • “building” has the same meaning as in Article 25B;

  • “deemed completion period” means the period—

    (a)

    beginning with the day on which the building is deemed to be completed by virtue of paragraph (2) of that Article; and

    (b)

    ending on the day on which the building becomes capable of rateable occupation;

  • “relevant hereditament” means a hereditament which comprises a building which is deemed to be completed by virtue of that paragraph.]