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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 June 2014 - onwards
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339. Interpretation (Chapter 3).

(1) In this Chapter -

"designated area" and "designated street" mean respectively an area or areas or a street or streets specified as a designated area or a designated street, as the case may be, by order under section 340;

"enterprise area" means - (a) an area or areas specified as an enterprise area by order under section 340, or (b) an area or areas described in Schedule 7;

"lease", "lessee", "lessor", "premium" and "renthave the same meanings respectively as in Chapter 8 of Part 4;

"market value", in relation to a building, structure or house, means the price which the unencumbered fee simple of the building, structure or house would fetch if sold in the open market in such manner and subject to such conditions as might reasonably be calculated to obtain for the vendor the best price for the building, structure or house, less the part of that price which would be attributable to the acquisition of, or of rights in or over, the land on which the building, structure or hous

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