PART 4Rent
CHAPTER 3Rent pressure zones
Designation and effect of rent pressure zone
I138Restriction on rent increases within a zone
1
A rent-increase notice may not increase the rent payable under a private residential tenancy where the let property is in a rent pressure zone to an amount greater than—
where—
R is the rent payable under the tenancy immediately before the rent-increase notice in question takes effect,
CPI is the percentage increase in the consumer prices index over the period—
- a
from—
- i
the day of the last increase in the rent payable under the tenancy, or
- ii
if the rent payable under the tenancy has not previously been increased, the day on which the tenancy was granted,
- i
- b
to the day that the rent-increase notice in question is given to the tenant,
X is the number of percentage points prescribed in relation to the rent pressure zone under section 37(1)(b),
Y is the amount (if any) by which the rent may be increased by virtue of a rent officer's determination under section 42.
2
In subsection (1), “the consumer prices index” means the all consumer prices index published by the Office of National Statistics.