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