Moved by
Baroness Neville-Rolfe
33X: Clause 43, page 40, line 24, leave out from “to” to “that” in line 26 and insert “the occupation of particular premises under a tenancy or licence which is MRO-compliant, means the estimated rent which it would be reasonable to pay in respect of that occupation on the following assumptions—
(a) that the tenancy or licence concerned is entered into —
(i) on the date on which the determination of the estimated rent is made;
(ii) in an arm’s length transaction ;
(iii) after proper marketing; and
(iv) between parties each of whom has acted knowledgeably, prudently and willingly; and
(b) ”