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Basic rent of controlled (1923 Act) premises the standard rent whereof has been determined by Court or by arbitration.
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8.—(1) This section applies to controlled (1923 Act) premises in respect of which evidence is forthcoming of both the following facts:—
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(a) that the standard rent of the premises was determined by the Court before the operative date, and
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(b) the amount of the standard rent.
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(2) This section also applies to controlled (1923 Act) premises in respect of which evidence is forthcoming of both the following facts:—
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(a) that the standard rent of the premises was, before the operative date, the subject of an arbitration award, and
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(b) the amount of the standard rent.
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(3) The basic rent of premises to which this section applies shall be an amount equal to the sum of the following:—
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(a) the standard rent of the premises, and
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(b) (i) in the case of a dwelling, twenty per cent. of the standard rent, or
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(ii) in any other case, twenty-five per cent. of the standard rent.
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