Paragraph 9 Amount of new passing rent to be larger than reference amountF1
(1)
This paragraph applies in relation to a particular rent review if the amount of the new passing rent determined in accordance with the rent review terms would be larger than the reference amount.
(2)
That includes cases where the amount of the new passing rent would be—
(a)
smaller than the rent under review, but
(b)
still larger than the reference amount.
(3)
The rent review terms are of no effect to the extent that they would result in the new passing rent being larger than the reference amount.
(4)
The amount of the new passing rent is instead to be the same as the reference amount.
Annotations
Textual amendments
- F1
Sch. 7A inserted (29.4.2026 for specified purposes) by English Devolution and Community Empowerment Act 2026 (c. 23), s. 108(1)(6), Sch. 37 para. 2