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Surveyors and Lawyers Involved in Tenancy Renewals Under PACT

Surveyors and Lawyers Involved in Tenancy Renewals Under PACT, 2nd edition

The 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.

The guidance covers:

  • 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 and
  • A summary of key steps in the process