# Rates (Northern Ireland) Order 1977, Paragraph 3A

Extent: N.I.

(1) In estimating the net annual value or capital value of a relevant hereditament during a deemed completion period, the actual state of the hereditament shall be taken to be a state of reasonable repair excluding any repairs which a reasonable landlord would consider uneconomic.
(2) In this paragraph—
“building” has the same meaning as in Article 25B;
“deemed completion period” means the period—
(a)beginning with the day on which the building is deemed to be completed by virtue of paragraph (2) of that Article; and
(b)ending on the day on which the building becomes capable of rateable occupation;
“relevant hereditament” means a hereditament which comprises a building which is deemed to be completed by virtue of that paragraph.

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Source: https://www.legislation.gov.uk/nisi/1977/2157/schedule/12/paragraph/3A (the official version)
Page: https://openlegislation.uk/rates-northern-ireland-order-1977/schedule-12/paragraph-3A
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.