# Landlord and Tenant Act 1954, Paragraph 15: Interpretation


(1) In this Schedule—
“business tenancy” has the meaning given in paragraph 1;
“business tenancy with a rent review” has the meaning given in paragraph 2.
(2) In this Schedule, in relation to a business tenancy with a rent review—
“elements 1 and 2” means element 1 and element 2 set out in paragraph 8;
“inflation” means a change in prices or costs (including a change in certain kinds of prices or costs) whether or not calculated by an official index; and here “prices or costs” includes rents;
“new passing rent” has the meaning given in paragraph 7;
“particular rent review” means a particular occasion when the relevant rent review terms operate or are to operate;
“reference amount” has the meaning given in paragraph 8(2);
“rent review terms” has the meaning given in paragraph 2(2);
“rent under review” has the meaning given in paragraph 2(2).
(3) A reference in this Schedule to rent review terms that do not specify new passing rent has the meaning given in paragraph 7.

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Source: https://www.legislation.gov.uk/ukpga/Eliz2/2-3/56/schedule/7A/paragraph/15 (the official version)
Page: https://openlegislation.uk/landlord-and-tenant-act-1954/schedule-7A/paragraph-15
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.