XN000022-1973-10-12 — Page 6

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Friday, October 12, 1973

REGNT CONTROL EXEMPTION FOR CERTAIN PRE-WAR PREMISES

Certain pre-war premises can be excluded from existing tenancy

and rent controls provided the landlord and tenant enter into specific

agreements to do so and these are endorsed by the Secretary for Home Affairs

or approved by the Tenancy Tribunal.

agreement.

The premises will remain exempt from control on expiry of the

An amending bill to achieve this effect is published in the Gazette today.

The new Landlord and Tenant (Consolidation) (Amendment) Bill

proposes to amend two sections of Part I of the principal ordinance.

The first amendment is made under the section which provides for

those cases where the tenant agrees to surrender or terminate his tenancy

in exchange for compensation.

The second amendment provides for the exclusion of premises let

for a fixed term not exceeding five years at a rent in excess of that permitted

under the existing legislation.

Before the statutory bodies endorse or approve the agreements

reached they must be satisfied that the tenant appreciates the implications

of his action.

In both cases the provisions of the amending legislation apply only

to those agreements made after the proposed ordinance has been enacted.

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