sec.192Increasing site rent—using alternative basis to market review

### sec.192 Increasing site rent—using alternative basis to market review This section applies if a site agreement that was in force immediately before the commencement provided for— a market review of site rent as a basis for increasing the site rent; and 1 or more other bases for increasing the site rent (each an alternative basis ). a site agreement providing for a triennial market review of site rent and a 3% increase for the intervening years Despite the terms of the site agreement, the park owner may use an alternative basis for increasing the site rent for any period for which a market review of site rent would, but for section 69F, have been the basis for increasing the site rent. s 192 ins 2024 No. 28 s 24 (sec.192-ssec.1) This section applies if a site agreement that was in force immediately before the commencement provided for— a market review of site rent as a basis for increasing the site rent; and 1 or more other bases for increasing the site rent (each an alternative basis ). a site agreement providing for a triennial market review of site rent and a 3% increase for the intervening years (sec.192-ssec.2) Despite the terms of the site agreement, the park owner may use an alternative basis for increasing the site rent for any period for which a market review of site rent would, but for section 69F, have been the basis for increasing the site rent. - (a) a market review of site rent as a basis for increasing the site rent; and - (b) 1 or more other bases for increasing the site rent (each an alternative basis ).