BILL To provide for the payment of compensation for improvements and goodwill to tenants of premises used for business purposes, or the grant of a new lease in lieu thereof; and to amend the law of landlord and tenant. Ordered, by The House of Commons, to be Printed, 30 March 1927. To be purchased directly from H.M. STATIONERY OFFICE at the following addresses: 120, George Street, Edinburgh; York Street, Manchester; 1, St. Andrew's Crescent, Cardiff; 15, Donegall Square West, Belfa st or through any Bookseller. [AS AMENDED BY STANDING COMMITTEE B.] ARRANGEMENT OF CLAUSES. PART I. COMPENSATION FOR IMPROVEMENTS AND GOODWILL ON THE TERMINATION OF TENANCIES OF BUSINESS PREMISES. Clause. 1. Tenant's right to compensation for improvements. 2. Limitation on tenant's right to compensation in certain cases. 3. Landlord's right to object. 4. Compensation for goodwill. 5. Right to new lease in certain cases. 6. Right of landlord to offer alternative accommodation. Rights of mesne landlords. Prohibition of contracting out. 7. 8. 9. Right of entry. 10. Right to make deductions. 11. Application of 13 & 14 Geo. 5. c. 9. s. 20. 12. Power to apply and raise capital money. 13. Power to grant leases notwithstanding statutory restrictions. 14. Provisions as to reversionary leases. 15. Landlord's right to reimbursement of increased taxes, rates or insurance premiums. 16. Holdings to which Part I. applies. PART II. GENERAL AMENDMENTS OF THE LAW OF 17. Limitation on damages for breach of covenants to repair. 18. Provisions as to covenants not to assign, &c., without licence or consent. 19. Apportionment of rents. 23. Application to Crown, Duchy, ecclesiastical and charity lands. 24. Interpretation. 25. Short title, commencement and extent. SCHEDULES. A BILL [AS AMENDED BY STANDING COMMITTEE B] ΤΟ Provide for the payment of compensation for A.D. 1927. improvements and goodwill to tenants of premises used for business purposes, or the grant of a new lease in lieu thereof; and to amend the law of landlord and tenant. E it enacted by the King's most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, 5 as follows:: 10 PART I. COMPENSATION FOR IMPROVEMENTS AND GOODWILL ON 1.-(1) Subject to the provisions of this Part of Tenant's this Act, a tenant of a holding to which this Part of this right to Act applies shall, if a claim for the purpose is made in compensathe prescribed manner not more than six, nor less than tion for improvethree, months before the termination of the tenancy, be ments. 15 entitled, at the termination of the tenancy, on quitting his holding, to be paid by his landlord compensation in respect of any improvement (including the erection of any building) on his holding made by him or his predecessors in title, not being a trade or other fixture 20 which the tenant is by law entitled to remove, which A.D. 1927. at the termination of the tenancy adds to the letting value of the holding: Limitation Provided that the sum to be paid as compensation for any improvement shall not exceed (a) the capitalised value of the net addition to the 5 (b) the reasonable cost of carrying out the improve- (2) In determining the capitalised value of such net (3) In the absence of agreement between the parties all questions as to the right of compensation 30 under this section, or as to the amount thereof, shall be determined by the tribunal hereinafter mentioned, and if the tribunal determines that, on account of the intention to demolish the buildings or to change the user of the premises, no compensation or a reduced amount of com- 35 pensation shall be paid, the tribunal may authorise a further application for compensation to be made by the tenant if effect is not given to the intention within such time as may be fixed by the tribunal. 2. (1) A tenant shall not be entitled to compensa- 40 on tenant's tion under this Part of this Act right to compensa (a) in respect of any improvement made before the commencement of this Act; or |