Thrashing out terms on statutory renewal – a hand over from judge to expert
Proceedings taken under the Landlord and Tenant Act 1954 have reached the stage where the only task for the court is to settle the terms of the new lease. Now is the time for the parties to consider whether this job should be left to a professional, acting as arbitrator under PACT (Professional Arbitration on Court Terms), which is described and explained step by step in
Introduced in 1997 by the RICS and the Law Society, the scheme may now gain wider acceptance in the wake of the changes made by the civil procedure rules.
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Thrashing out terms on statutory renewal – a hand over from judge to expert
Proceedings taken under the Landlord and Tenant Act 1954 have reached the stage where the only task for the court is to settle the terms of the new lease. Now is the time for the parties to consider whether this job should be left to a professional, acting as arbitrator under PACT (Professional Arbitration on Court Terms), which is described and explained step by step in PACT up your troubles Estates Gazette 2 November 2002, p162.
Introduced in 1997 by the RICS and the Law Society, the scheme may now gain wider acceptance in the wake of the changes made by the civil procedure rules.
