1221. Price payable on enfranchisement of house whose value or rent exceeds the applicable limit, or where tenancy terminable after death, marriage etc.

The price payable for a house1 and premises2 where the right to acquire the freehold arises by virtue of any one or more of the following:

  1.  

    (1)     the house having a value or rent which exceeds the applicable limit (in cases where that still applies)3; or

  2.  

    (2)     the tenancy being terminable after a death, a marriage or the formation of a civil partnership4,

must be determined5 in accordance with the statutory provisions relating to houses within the higher range of rateable values