2(1)Section 12 (arbitration or third party determination of rent) is amended as follows.E+W
(2)In subsection (1) for “referred to arbitration under this Act” substitute “ determined in accordance with this section ”.
(3)For subsection (1A) substitute—
“(1A)Where a notice under subsection (1) is served, the question of how much rent is to be payable in respect of the holding as from the next termination date—
(a)may be required by the landlord or tenant to be determined by arbitration under this Act (see section 84), or
(b)may be referred by the landlord and tenant for third party determination under this Act (see section 84A).”
(4)In subsection (2), for the words from “demand” to “third party determination” substitute “ notice under subsection (1) ”.
(5)In subsection (3)—
(a)for “demand for arbitration under this section” substitute “ notice under subsection (1) ”;
(b)for “the demand” substitute “ the notice ”;
(c)in paragraph (a), after “arbitrator” insert “ or third party ”.
(6)In subsection (4)—
(a)omit the words from “in relation to” to “third party determination”;
(b)for the first “the demand or reference” substitute “ a notice under subsection (1) ”;
(c)for the second “the demand or reference” substitute “ the notice ”;
(d)for the third “the demand or reference” substitute “ the notice under subsection (1) ”.
Commencement Information
I1Sch. 3 para. 2 in force at Royal Assent for specified purposes and otherwise at 11.1.2021, see s. 57(1)(b)(c)(6)
3(1)Schedule 2 (arbitration or third party determination of rent: provisions supplementary to section 12) is amended as follows.E+W
(2)In the italic heading before paragraph 4, for “arbitrations” substitute “ determinations ”.
(3)In paragraph 4, in sub-paragraph (1)—
(a)for “demand for arbitration” substitute “ notice under section 12(1) of this Act ”;
(b)for “the demand” substitute “ the notice ”.
Commencement Information
I2Sch. 3 para. 3 in force at Royal Assent for specified purposes and otherwise at 11.1.2021, see s. 57(1)(b)(c)(6)