Section 124 Variation of other considerationI1

(1)

Where consideration other than rent is payable under a periodic standard contract, the amount of consideration may be varied—

(a)

by agreement between the landlord and the contract-holder, or

(b)

by the landlord in accordance with subsections (2) to (4).

(2)

The landlord may give the contract-holder a notice setting out a new amount of consideration to take effect on the date specified in the notice.

(3)

The period between the day on which the notice is given to the contract-holder and the specified date may not be less than two months.

(4)

Subject to that—

(a)

the first notice may specify any date, and

(b)

subsequent notices must specify a date which is not less than one year after the last date on which a new amount of consideration took effect.

(5)

This section is a fundamental provision which is incorporated as a term of all periodic standard contracts under which consideration other than rent is payable.

Annotations

Commencement

I1: S. 124 in force at 1.12.2022 by S.I. 2022/906, art. 2

Notes on Chapter 3

Modifications

C1: Pt. 6 Ch. 3: power to amend conferred (1.9.2019) by Renting Homes (Fees etc.) (Wales) Act 2019 (anaw 2), s. 30(2), Sch. 1 para. 11 (with s. 29); S.I. 2019/1150, art. 2(c)