Institution entitled to rent for certain period

Where the right, title and interest of a religious, charitable or educational institution of a public nature in respect of a holding are purchased by the cultivating tenant and the institution is entitled to annuity in respect of that holding, the institution shall also be entitled from and out of the purchase price to an amount equal to the rent to which it would have been entitled for the period commencing on the date of application for purchase by the cultivating tenant and ending with the date on which the institution is entitled to annuity, if fair rent had been determined for the holding under this Act as amended by the Mahe Land Reforms (Amendment), Act 1980, after deducting any amount received by the institution under sub-section (2) of section 69.