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Article 3 Eligible expense limit

Original text. Later amendments are not shown.

(1)

The prescribed amount, for the purposes of section 498F of the Housing Act 1985 is the amount ascertained in accordance with the following formula —

PA=ELB×RFATFA

where —

  • PA=the prescribed amount,

  • ELB=the eligible expense limit of the building,

  • RFA=the residential floor area of the building,

  • TFA=the total floor area of the building.

(2)

For the purposes of paragraph (1) above, the eligible expense limit of the building shall be —

(a)

for the buildings situated in Greater London, £10,000 + £3,500 per storey in excess of 2 storeys + £320 per 10 square metres of total floor area;

(b)

for buildings elsewhere in England and Wales, £8,500 + £3,000 per storey in excess of 2 storeys + £275 per 10 square metres of total floor area.