Clause 61 - Rent under tenancies conferring code rights: England and Wales

Part of Product Security and Telecommunications Infrastructure Bill – in a Public Bill Committee am 2:00 pm ar 17 Mawrth 2022.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Chris Elmore Chris Elmore Opposition Whip (Commons), Shadow Minister (Digital, Culture, Media and Sport) 2:00, 17 Mawrth 2022

I beg to move amendment 8, in clause 61, page 45, line 37, at end insert—

“(4A) Where the assumptions in subsection (4) cause the market value of a landlord’s agreement to decline, the rent payable under a new tenancy granted by order of the court under this Part of this Act shall not decline by more than 40%.”

This amendment would provide a legal guarantee that site providers’ rents fall by no more than 40% under any new agreement.