sec.193Increasing site rent—no alternative basis to market review

### sec.193 Increasing site rent—no 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 the only basis for increasing the site rent. The park owner may, as the basis for working out the amount of the increase in the site rent, multiply the site rent by the CPI increase. The park owner may increase the site rent using the basis provided under subsection (2) once each year, but not within 1 year after the day the site rent was last increased under this section or, for the first increase under this section, the site agreement. Subsection (2A) applies despite any term of the site agreement providing for the intervals at which the site rent may be increased. In this section— CPI increase see section 69B(7). s 193 ins 2024 No. 28 s 24 (sec.193-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 the only basis for increasing the site rent. (sec.193-ssec.2) The park owner may, as the basis for working out the amount of the increase in the site rent, multiply the site rent by the CPI increase. (sec.193-ssec.2A) The park owner may increase the site rent using the basis provided under subsection (2) once each year, but not within 1 year after the day the site rent was last increased under this section or, for the first increase under this section, the site agreement. (sec.193-ssec.2B) Subsection (2A) applies despite any term of the site agreement providing for the intervals at which the site rent may be increased. (sec.193-ssec.3) In this section— CPI increase see section 69B(7).