(1) This section
applies if a pre-commencement long-stay agreement includes a provision
providing for a review of rent on a market rent basis.
(2) Despite amended
section 29A(1)(c), the provision continues to apply on and from commencement
day until the provision is varied by the parties to the long-stay agreement.
(3) When calculating
the amount of rent to be payable on and after the review date under the
provision, the park operator must have regard to a report obtained for the
purpose by the park operator from a person licensed under the
Land Valuers Licensing Act 1978 .
Penalty for this subsection: a fine of $5 000.
[Section 106 inserted: No. 28 of 2020 s. 84.]