Paragraph 25 I1
Schedule 2 (arbitration of rent: provisions supplementary to section 12) is amended as follows.
In paragraph 1(3) (amount of rent: arbitrator determining current level of rents for comparable lettings)—
after “arbitrator” insert “ or (as the case may be) the third party ”;
after “arbitration” insert “ or third party determination ”.
In paragraph 2(1) (amount of rent: duty of arbitrator to disregard increase in rental value due to certain improvements), after “arbitrator” insert “ or (as the case may be) the third party ”.
In paragraph 3 (amount of rent: other duties of arbitrator)—
in the opening words, after “arbitrator” insert “ or (as the case may be) the third party ”;
in paragraph (a), after “arbitration” insert “ or third party determination ”.
In paragraph 4 (frequency of arbitrations under section 12), in sub-paragraph (1)(c), after “arbitrator” insert “ or third party ”.
In the heading to the Schedule, after “ARBITRATION” insert “ OR THIRD PARTY DETERMINATION ”.