765. Certain long tenancies.

Where a tenancy is both a long tenancy1 and a protected tenancy2, but the conditions for the disapplication of the statutory prohibitions on taking premiums3 are not satisfied4, a person may require or receive on an assignment the same specified fraction of a previously paid premium as applies in the case of tenancies brought into the ambit of the Rent Acts by the 1973 increase in the rateable value limits