Section 2 Rent Control and Recovery of Residential Premises Law

Section 2 of the Rent Control and Recovery of Residential Premises Law 1997 is about Standard Rent. It provides as follows:

(1) As from the commencement of this Law, the standard rent prescribed by the
Governor for the purpose of this Law shall be payable in respect of the type of
accommodation to which it applies.

(2) The standard rent referred to in subsection (1) of this section shall be subject to review every three (3) years or such other period as the Governor may by order prescribe.

(3) The increase on the standard rent at every period of review shall not exceed
20% of the standard rent prescribed in the order to this Law in respect of the type of accommodation to which it applies.

(4) The standard rent shall supersede any rent between the landlord and the tenant and any order made in respect of the standard rent shall bind all persons including the landlord, tenant or mortgagee of such premises.

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