Cap. 69 Art. 7Increase of rent in view of improvements on the premises.

(1) Where the lessor desires to increase the value of the premises by works or alterations to be carried out at the termination of the lease, he must apply to the Board for permission to do so.

(2) If the application is granted, the Board shall allow an increase of rent having regard to the cost and importance of such improvements.

(3) The increase of rent shall commence as from the day of the completion of the works.