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Surveyors and lawyers involved in tenancy renewals under PACT [electronic resource]

By: Contributor(s): Language: English Series: RICS Guidance NotePublication details: London RICS 2018Edition: 2ndISBN:
  • 9781783212200
Subject(s): LOC classification:
  • 347.41067 $2 18
Online resources:
Contents:
Introduction -- The advantages of PACT -- When PACT can be used -- What matters in dispute are suitable for a PACT referral? -- How to use PACT Pre-issue -- How to use PACT Post-issue -- The appointment of the Third Party -- Valuation Date and miscellaneous procedural issues -- The Award or Determination -- Costs -- Producing the tenancy document -- Revocation orders -- Appeals -- Interim rent -- Summary: key steps in the process -- Appendices
Summary: The Landlord and Tenant Act 1954 provides for the terms of a renewal lease to be determined by the courts. PACT is a procedure whereby the determination of all or some of the terms for a renewal lease are (with the consent of both parties) 'delegated' to an independent third party, who may act either as an arbitrator or as an independent expert. PACT is the acronym for 'Professional Arbitration on Court Terms', a generic term intended to convey the scope and nature of the procedure available. This 2nd edition refers to a business tenancy rather than a lease, although the terms are interchangeable. Effective from 1 August 2018.Summary: Supersedes 1st edition ISBN 9781842194157.
Holdings
Item type Current library Call number Copy number Status Barcode
Book Virtual Online ONLINE PUBLICATION (Browse shelf(Opens below)) 1 Available 160048-2001

Introduction -- The advantages of PACT -- When PACT can be used -- What matters in dispute are suitable for a PACT referral? -- How to use PACT Pre-issue -- How to use PACT Post-issue -- The appointment of the Third Party -- Valuation Date and miscellaneous procedural issues -- The Award or Determination -- Costs -- Producing the tenancy document -- Revocation orders -- Appeals -- Interim rent -- Summary: key steps in the process -- Appendices

The Landlord and Tenant Act 1954 provides for the terms of a renewal lease to be determined by the courts. PACT is a procedure whereby the determination of all or some of the terms for a renewal lease are (with the consent of both parties) 'delegated' to an independent third party, who may act either as an arbitrator or as an independent expert. PACT is the acronym for 'Professional Arbitration on Court Terms', a generic term intended to convey the scope and nature of the procedure available. This 2nd edition refers to a business tenancy rather than a lease, although the terms are interchangeable. Effective from 1 August 2018.

Supersedes 1st edition ISBN 9781842194157.