Initial Unavailability Deductions
3.24. The Initial Unavailability Deductions for each Contract Month (n) shall be calculated using the following formula:
IUDn = IDrD x ∑ ((DUBUx0.7) + (DU)) x UDF x RUR + IDlDx ∑ ((DUBUx0.7) + (DU)) x UDF x RUR | ||
IUDn | ||
IDrD | Initial Daily Rented Deduction charge | |
IDlD | Initial Daily Leaseholder Deduction Charge | |
Dna | The number of Days in the Contract Year (n) | |
DUBU | The number of days that the Dwelling is Unavailable but Used in Contract Month (n) | |
DU | The number of days that the Dwelling is Unavailable in Contract Month (n) | |
UDF | The Unavailability Deduction Factor applied in respect of the relevant Availability Standard which led to the Unavailability. | |
Repeated Unavailability Ratchet | ||
∑ | Summation of Dwellings | |