The following Property Disputes Q&A Produced in partnership with Alex Campbell of Arden Chambers provides comprehensive and up to date legal information covering:
PACT stands for ‘professional arbitration on court terms’. It is a joint initiative of the Law Society and the Royal Institution of Chartered Surveyors. It provides a procedure which permits parties who wish to introduce a renewal lease under the Landlord and Tenant Act 1954 (LTA 1954) to submit the resolution of disputes concerning that renewal lease to an independent third party. The independent third party can act as an arbitrator or an independent expert. PACT thus enables parties to avoid disputes regarding the terms of a renewal lease from having to go to court. See Practice Note: PACT—Professional Arbitration on Court Terms for more information.
Guidance issued by the Royal Institution of Chartered Surveyors (entitled Surveyors and lawyers involved in lease renewals under PACT, 1st edition) states at its section 1.4 that PACT is
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