834. Tenancies where rateable value exceeds certain limits.

A tenancy1 which was entered into before 1 April 1990 (or on or after that date in pursuance of a contract made before that date)2, and under which the dwelling house3 had a rateable value4 on 31 March 1990 which, if it is in Greater London5, exceeded £1,500 and, if it is elsewhere, exceeded £7506, cannot7 be an assured tenancy8.

The rateable value of a dwelling house at any time is to be ascertained for these purposes9 as follows10:

  1.  

    (1)     if the dwelling house is a hereditament for which a rateable value is then shown in the valuation list11, it