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(1)Where the rent payable for any contractual period of a regulated tenancy of a dwelling-house would exceed the limit specified in the following provisions of this section (in this Part of this Act referred to as " die contractual rent limit"), the amount of the excess shall, notwithstanding anything in any agreement, be irrecoverable from the tenant.
(2)Where a rent for the dwelling-house is registered under Part V of this Act then, subject to sections 33 and 49(5) below, the contractual rent limit is the rent so registered.
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