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13. Subject to the condition in Article 42(2B) of the 1977 Order, there shall be distinguished in the NAV list as wholly exempt from rates any hereditament which—
(a)comprises a hall of residence provided predominantly for the accommodation of persons who satisfy the conditions set out in regulation 7 or 8 as the case may be; and
(b)is owned or managed by a body listed in Schedule 3 or is the subject of an agreement allowing such a body to nominate the majority of persons who are to occupy all the accommodation so provided.