000 02230cad a22002775a 4500
001 L160048
008 180504e2018 xxk 000 0 eng d
020 _a9781783212200
035 _a(Sirsi) u160048
041 0 _aeng
050 _a347.41067 $2 18
110 2 _aRoyal Institution of Chartered Surveyors
245 0 0 _aSurveyors and lawyers involved in tenancy renewals under PACT
_h[electronic resource]
250 _a2nd.
260 _aLondon
_bRICS
_c2018
490 _aRICS Guidance Note
505 _aIntroduction -- 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
520 _aThe 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.
520 _aSupersedes 1st edition ISBN 9781842194157.
651 4 _aENGLAND AND WALES
690 _aMANAGEMENT-DISPUTE AVOIDANCE, MANAGEMENT AND RESOLUTION-DISPUTE MANAGEMENT AND RESOLUTION
710 _aLaw Society of England and Wales
856 4 0 _uhttps://www.rics.org/content/dam/ricsglobal/documents/dispute-resolution-service/May_2018_Surveyors_And_Lawyers_Involved_In_Tenancy_Renewals_Under_PACT.pdf
_zAvailable free on RICS.org
856 4 0 _uhttps://www.rics.org/dispute-resolution-service/drs-services/pact-lease-renewal-disputes
_zSee overview page and notes on RICS.org
942 _n0
999 _c85161
_d85161