Review of registered rentsN.I.
33.—(1) [F1The Executive] shall from time to time review the rents registered under this Part for dwelling-houses which are let under regulated tenancies, taking into account the general level of rents for dwelling-houses let by the Executive, the cost of repairs, and any other matter appearing to it to be relevant, with a view to determining, after consulting the rent officer, whether those rents should be increased.
[F1(2) Where the Executive determines under paragraph (1) that those registered rents should be increased, it shall make a recommendation to the Department that those rents should be increased.
(2A) Where the Department accepts a recommendation under paragraph (2), it shall make an order providing for the increase of those rents—
(a)by an amount recommended by the Executive, or
(b)by such other amount as the Department, after consultation with the Executive, considers appropriate.
(2B) The amount of an increase may be expressed as a percentage.]
(3) Where the Department makes an order under[F1 paragraph (2A), the Executive] shall make such alterations in the rents registered under this Part for dwelling-houses which are let under regulated tenancies as appear to it to be necessary in consequence of the order.