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Validation of certain agreements.
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7.—(1) Subject to the provisions of this section where under an agreement for a new tenancy a rent is reserved which does not exceed the standard rent and the increases permitted, in case such agreement was made prior to the 24th day of June, 1923, by the Act of 1920, or, in case such agreement (whether made before or after the passing of this Act) was made on or after the 24th day of June, 1923, and prior to the 24th day of June, 1926, by the Principal Act, or, in case such agreement was made on or after the 24th day of June, 1926, by the Principal Act as amended by this Act the amount by which the rent so reserved shall exceed the standard rent shall, notwithstanding the fact that no valid and effective statutory notice has been served on the tenant in conformity with sub-section (2) of section 3 of the Act of 1920, or sub-section (1) of section 7 of the Principal Act as the case may be, be deemed to be and always to have been a valid and permitted increase of rent and not to be or ever to have been a sum irrecoverable from the tenant within the meaning of section 1 of the Act of 1920, or section 12 of the Principal Act, as the case may be, or recoverable by the tenant within the meaning of sub-section (1) of section 14 of the Act of 1920, or sub-section (1) of section 15 of the Principal Act, as the case may be.
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(3) This section shall not entitle a landlord to recover from a tenant any sums which have been recovered from the landlord before the 4th day of May, 1926, by means of deduction from rent or otherwise or any rent which has not been paid by reason of such deductions having been made therefrom.
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