SCHEDULE 4Agricultural Holdings Act 1986: resolution of disputes by third party determination
25
(1)
Schedule 2 (arbitration of rent: provisions supplementary to section 12) is amended as follows.
(2)
In paragraph 1(3) (amount of rent: arbitrator determining current level of rents for comparable lettings)—
(a)
after “arbitrator” insert “
or (as the case may be) the third party
”
;
(b)
after “arbitration” insert “
or third party determination
”
.
(3)
In paragraph 2(1)
(amount of rent: duty of arbitrator to disregard increase in rental value due to certain improvements), after “arbitrator” insert “
or (as the case may be) the third party
”
.
(4)
In paragraph 3 (amount of rent: other duties of arbitrator)—
(a)
in the opening words, after “arbitrator” insert “
or (as the case may be) the third party
”
;
(b)
in paragraph (a), after “arbitration” insert “
or third party determination
”
.
(5)
In paragraph 4 (frequency of arbitrations under section 12), in sub-paragraph (1)(c), after “arbitrator” insert “
or third party
”
.
(6)
In the heading to the Schedule, after “ARBITRATION” insert “
OR THIRD PARTY DETERMINATION
”
.