Part II Provisions Affecting Tenancy During its Continuance

Variation of rent

F112 Arbitration F1or third party determination of rent.

(1)

Subject to the provisions of Schedule 2 to this Act, the landlord or tenant of an agricultural holding may by notice in writing served on the other demand that the rent to be payable in respect of the holding as from the next termination date shall be F2... F2determined in accordance with this section.

F3(1A)

The landlord and tenant may instead refer for third party determination under this Act the question of how much rent is to be payable in respect of the holding as from the next termination date.

F3(1A)

Where a notice under subsection (1) is served, the question of how much rent is to be payable in respect of the holding as from the next termination date—

(a)

may be required by the landlord or tenant to be determined by arbitration under this Act (see section 84), or

(b)

may be referred by the landlord and tenant for third party determination under this Act (see section 84A).

(2)

On a reference under this section the arbitrator F4or third party shall determine what rent should be properly payable in respect of the holding at the F5next termination date following the date of the F6... F6notice under subsection (1) and accordingly shall, with effect from that next termination date, increase or reduce the rent previously payable or direct that it shall continue unchanged.

(3)

A F7... F7notice under subsection (1) shall cease to be effective for the purposes of this section on the next termination date following the date of F8... F8the notice unless before the said termination date—

(a)

an arbitrator F9or third party has been appointed by agreement between the parties, or

(b)

an application has been made F10... F10under section 84 for the appointment of an arbitrator.

(4)

References in this section (and in Schedule 2 to this Act) F11...F12, with respect to the rent of any holding, to the next termination date following the date of F13... F13a notice under subsection (1) are references to the next day following the date of F14... F14the notice on which the tenancy of the holding could have been determined by notice to quit given at the date of F15... F15the notice under subsection (1).

(5)

Schedule 2 to this Act shall have effect for supplementing this section.