XN000022-1992-06-10 — Page 6

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1

WEDNESDAY, JUNE 10, 1992

BEEN

ACTIVELY

PRIORITIES,

POWERS UNDER

THE

THE

OFFICE HAD HE SAID

BUILDINGS ORDINANCE PROBLEM IN RECENT TACKLING THIS

MONTHS BY ADJUSTING REDEPLOYING STAFF RESOURCES AND SEEKING ADDITIONAL

LAW.

"WE BELIEVE THAT THE CORRECT SOLUTION LIES

OF ADVICE BY THE BUILDINGS' OWNERS, WITH THE PRIVATE SECTOR.

IN SELF-REGULATION PROFESSIONALS IN

THE

"WE

RECENTLY

INTRODUCED

A

BILL

TO

FOR AN

THE AMENDMENT SERVE AN INVESTIGATION AND

LEGISLATION TO ENABLE THE GOVERNMENT TO REPAIR ORDER ON THE OWNER OF A BUILDING WHICH HAS SIGNS OF DEFECT.

"WHEN THIS NEW LEGISLATION IS ENACTED, HOPEFULLY

IN THE PROPER WILL HAVE TAKEN A GREAT STEP FORWARD BUILDINGS IN DISREPAIR,

MR CHEN SAID.

0

-

IN JULY, MAINTENANCE

WE

OF

LANDLORD AND TENANT BILL EXPLAINED

*

COUNCIL'S

AD HOC

BILL

BARRY WOODROFFE,

GROUP ON 1992 TODAY

THE COMMISSIONER OF RATING AND VALUATION, MR

THE LEGISLATIVE ATTENDED A MEETING OF

(CONSOLIDATION) (AMENDMENT) (WEDNESDAY) TO BRIEF MEMBERS ON THE MAIN CHANGES PROPOSED IN THE BILL.

LANDLORD AND

TENANT

HE SAID THE CHANGES ARE:

* ENHANCED COMPENSATION

THE CHANGE TO THE FORMULA FOR STATUTORY COMPENSATION WILL THAT THE AMOUNT PAYABLE TO DISPOSSESSED TENANTS IN DOMESTIC PREMISES REQUIRED FOR REDEVELOPMENT WILL ON AVERAGE BE DOUBLED. FOR A 600 SQ.FT. FLAT THE COMPENSATION WILL BE $65,000 OR 2-1/2-YEARS' RENT PASSING.

MEAN POST-WAR

ABOUT

* ADJUSTMENTS TO RENT INCREASE MECHANISMS

PRE-WAR PREMISES

THE

THE PRE-WAR RENT PRACTICE OF ANNUALLY INCREASING PAST

MINIMUM LEVEL IN ADDITION, A

OF WILL CONTINUE, MULTIPLIER PERMITTED RENT WILL BE INTRODUCED TO ENSURE CONTROLLED RENTS DO NOT FALL TOO FAR BELOW THE MARKET LEVEL. THE NEW PROVISION WILL ONLY AFFECT ABOUT 300 PROPERTIES THIS YEAR. THE DEPARTMENT WILL LOOK AT THESE CASES AND GIVE FURTHER INFORMATION TO THE AD GROUP NEXT WEEK.

HOC

/POST-WAR