A tenancy1 is 'at a low rent' if under the tenancy:
(1) no rent is payable2; or
(2) where the tenancy is entered into on or after 1 April 1990 (otherwise than, where the dwelling house3 had a rateable value4 on 31 March 1990, in pursuance of a contract made before 1 April 1990), the maximum rent payable at any time is payable at a rate of:
(a) £1,000 or less a year if the dwelling house is in Greater London
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