# Town and Country Planning Act 1971, Paragraph 2


There shall be calculated the amount referable to the relevant area of the rent which might reasonably be expected to be reserved if the relevant land were to be let on terms prohibiting the carrying out of any new development but permitting the carrying out of any other development; and the amount so calculated is in this Schedule referred to as " the existing use rent

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Source: https://www.legislation.gov.uk/ukpga/1971/78/schedule/17/paragraph/2 (the official version)
Page: https://openlegislation.uk/town-and-country-planning-act-1971/schedule-17/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.