Landlord and Tenant (Amendment) Act, 1980

Review of rent.

[New]

24.—(1) In the case of a new tenancy under this Part the terms of which were fixed by the Court—

(a) the landlord or the tenant shall be entitled to apply to the Court for a review of the rent at any time after the expiration of five years from the date on which the terms were fixed;

(b) the landlord or the tenant may apply for a further review of the rent at any time after the expiration of five years from the first or any subsequent review.

(2) The person seeking the review shall serve on the other party one month's notice of his intention to apply for a review of the rent.

(3) In default of agreement on the rent, the person seeking the review shall be entitled to apply to the Court not later than three months after service of the notice for a review of the rent.

(4) In default of agreement, the rent fixed upon such review shall become payable on whichever of the following dates is the later—

(a) the first gale day after service of the notice of intention to apply for the review, or

(b) (i) where the rent has not previously been reviewed, the first gale day following the review,

(ii) where the rent has previously been reviewed, five years after the first gale day following the previous review.