Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsAmendment of section 327 of Chapter 252
| 2. Section 327 of the Municipal Councils Ordinance, as amended by Act No. 33 of 1981, is hereby further amended in subsection (1) of that section by the substitution for the definition of " annual value ", of the following definition: , "annual value" means the annual rent which a tenant might reasonably be expected, taking one year with another, to pay for any house, building, land, or tenement if the tenant undertook to pay all public rates and taxes, and if the landlord undertook to bear the cost of repairs, maintenance and upkeep, if any, necessary to maintain the house, building, land, or tenement in a state to command that rent:Provided that in the computation and assessment of annual value no allowance or reduction shall be made for any period of non-tenancy whatsoever;'. |