(1) Subject to the provisions of the following subsections, this Act applies to dwelling houses and building land situated within Saint Lucia.
(2) This Act applies to dwelling houses in existence or leased on the commencement of this Act having been in existence at the commencement of this Act or first leased thereafter where the annual amount of the standard rent of such dwelling houses does not exceed the maximum standard rent of $2,400 per year.
However, this Act does not apply to—
(a) a dwelling house while leased at a rent which bona fide includes payment for board or attendance; or the use of furniture; or
(b) building land while leased on a building lease or a renewal or continuance of a building lease for a term of 25 years or more.
(3) This Act also applies to all building land which is building land at the commencement of this Act or becomes building land thereafter, if the rateable value of the dwelling house does not at any time exceed an amount equivalent to a maximum standard rent of $2,400 per year.
(4) All building land or dwelling houses to which this Act applies are hereafter referred to as “premises to which this Act applies.”
(5) The Minister may by order published in the Gazette amend the maximum standard rent contained in this section.
(Amended by Acts 25 of 1975 and 17 of 1989)