8(1)Section 12 (arbitration of rent) is amended as follows.
(2)After subsection (1) insert—
“(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.”
(3)In subsection (2) (arbitrator’s duty to determine rent properly payable)—
(a)after “arbitrator” insert “or third party”;
(b)after “demand for arbitration” insert “or (as the case may be) the reference for third party determination”.
(4)In subsection (4) (references to the next termination date following the date of a demand for arbitration)—
(a)after “a demand for arbitration” insert “, or reference for third party determination,”;
(b)after “the demand” (in each place where it occurs) insert “or reference”.
(5)In the sidenote, after “Arbitration” insert “or third party determination”.