Paragraph 33 Local Government and Housing Act 1989

For paragraph 2(4) of that Schedule substitute—

“(4)

A tenancy is “at a low rent” if under the tenancy—

(a)

no rent is payable,

(b)

where the tenancy is entered into on or after 1st April 1990 (otherwise than, where the dwelling-house had a rateable value on 31st March 1990, in pursuance of a contract made before 1st April 1990), the maximum rent payable at any time is payable at a rate of—

(i)

£1,000 or less a year if the dwelling-house is in Greater London and,

(ii)

£250 or less a year if the dwelling-house is elsewhere, or,

(c)

where the tenancy was entered into before 1st April 1990 or (where the dwelling-house had a rateable value on 31st March 1990) is entered into on or after 1st April 1990 in pursuance of a contract made before that date, and the maximum rent payable at any time under the tenancy is less than two-thirds of the rateable value of the dwelling-house on 31st March 1990.”.