36 The statutory review noticeA ‘statutory review notice’1 must be given to trigger a statutory rent review from a ‘review date’2 complying with the statutory requirements. The statutory review notice is a notice in writing, given by the landlord or tenant under a farm business tenancy to the other, requiring a referral to arbitration, in accordance with the statutory provisions, of the rent to be payable as from the review date3. There is no prescribed form for the notice other than that it must be in writing and must specify the review date4.
A ‘statutory review notice’1 must be given to trigger a statutory rent review from a ‘review date’2 complying with the statutory requirements. The statutory review notice is a notice in writing, given by the landlord or tenant under a farm business tenancy to the other, requiring a referral to arbitration, in accordance with the statutory provisions, of the rent to be payable as from the review date3. There is no prescribed form for the notice other than that it must be in writing and must specify the review date4.
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