21Unit title applications—reasonable rent

21 Unit title applications—reasonable rent (1) If the territory planning authority considers that the rent proposed in a unit title application to be reserved for the lease of 1 or more units is not reasonable in the circumstances, the authority must determine what rent is reasonable for the relevant unit or units. (2) The total rent for all units, worked out in accordance with the territory planning authority’s determination, must not exceed the rent payable under the lease of the parcel when the determination is made. (3) If the total rent for all units, worked out in accordance with the territory planning authority’s determination, equals the rent payable under the lease of the parcel when the determination is made, a decision (under part 14 (Notification and review of decisions)) on an objection or review of the authority’s determination must not change the total amount.