SCHEDULE 7 Rent Limit for certain Tenancies first regulated by virtue of the Counter-Inflation Act 1973

SCHEDULE 7 Rent Limit for certain Tenancies first regulated by virtue of the Counter-Inflation Act 1973

Section 44(4)

Special rent limit

1

(1)     This paragraph applies to a regulated tenancy—

(a)     which was granted before 8th March 1973, and

(b)     which would not have been a regulated tenancy but for section 14(1) of the Counter-Inflation Act 1973 (which brought certain tenancies of dwelling-houses with high rateable values within the protection of the Rent Act 1968).

(2)     Subject to this Schedule, the recoverable rent for any contractual period of a tenancy to which this paragraph applies shall not exceed the limit specified in paragraph 2 below, and the amount of any excess shall, notwithstanding anything in any agreement, be irrecoverable from the tenant.

(3)     Where a rent for the dwelling-house is registered under Part IV of this Act which is less than the limit specified in paragraph 2 below, neither section 44(1) nor section

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