Part IV MISCELLANEOUS AND SUPPLEMENTAL
Miscellaneous
34 Estimation of best rent for purposes of Acts and other instruments.
1
In estimating the best rent or reservation in the nature of rent of land comprised in a farm business tenancy for the purposes of a relevant instrument, it shall not be necessary to take into account against the tenant any increase in the value of that land arising from any tenant’s improvements.
2
In subsection (1) above—
“a relevant instrument” means any Act of Parliament, deed or other instrument which authorises a lease to be made on the condition that the best rent or reservation in the nature of rent is reserved;
“tenant’s improvement” has the meaning given by section 15 of this Act.