Section 66 — Residential Tenancies Act 1986: Reduction of fixed-term tenancy

66 Reduction of fixed-term tenancy (1) On application by a party to a fixed-term tenancy, the Tribunal may make an order reducing the term of the tenancy by a period stated in the order, and making such variations in the terms of the tenancy as are necessary because of the reduction of the term, where it is satisfied that, because of an unforeseen change in the applicant's circumstances, the severe hardship which the applicant would suffer if the term of the tenancy were not reduced would be greater than the hardship which the other party to the tenancy would suffer if the term were reduced. (2) Where the Tribunal makes an order under this section, the Tribunal may order that the applicant pay to the other party an amount determined by the Tribunal by way of reasonable compensation for any loss or damage to the other party which would result from the reduction in the term of the tenancy. The original section 66 was repealed, as from 1 May 1996, by section 26 Residential Tenancies Amendment Act 1996 (1996 No 7). A new section 66 was inserted, as from 1 May 1996, by section 27 Residential Tenancies Amendment Act 1996 (1996 No 7).