438. Arbitration or third party determination of rent.

The landlord1 or tenant2 of an agricultural holding3 may by notice in writing served on the other party4 demand that the rent to be payable for the holding as from the next termination date5 should be referred to arbitration6 or third party determination7. On a reference the arbitrator or third party must determine what rent should be properly payable in respect of the holding at the next termination date following the date of the demand for arbitration, or as the case may be, for third party determination, and accordingly must, with effect from that next termination date, increase or