407. Rent to be referred to arbitration in statutory rent review cases.

407.     Rent to be referred to arbitration in statutory rent review cases.

Unless they have exercised their right to contract-out of the statutory rent review provisions1, the landlord2 or tenant3 under a farm business tenancy4 may by notice in writing given to the other5 require that the rent to be payable in respect of the holding6 as from the review date7 be referred to arbitration8.