Print Options
PrintThe Whole
Act
PrintThe Whole
Part
PrintThe Whole
Cross Heading
PrintThis
Section
only
Changes over time for: Section 43
Llinell Amser Newidiadau
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Status:
Point in time view as at 06/03/2014.
Changes to legislation:
There are currently no known outstanding effects for the Long Leases (Scotland) Act 2012, Section 43.
Changes to Legislation
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
43Partially continuing leases: allocation of renewal premiumS
This
adran has no associated
Nodiadau Esboniadol
(1)This section applies to a lease which—
(a)contains a renewal obligation,
(b)complies with section 1(3)(b) and (c) by virtue of section 71(1)(b), and
(c)is a partially continuing lease.
(2)The landlord must, before the expiry of the period of 2 years beginning with the appointed day, allocate the renewal premium between the converted subjects and continuing subjects.
(3)For the purposes of subsection (2), the renewal premium is—
(a)the renewal premium payable under the lease immediately before the appointed day, or
(b)where a cumulo renewal premium is allocated to the lease under section 42(2), the premium so allocated.
(4)The allocation under subsection (2) must be in such proportions as are reasonable in all the circumstances.
(5)For the purposes of subsection (4), the proportions are presumed to be reasonable in so far as they accord with any allocation of rent under section 41.
(6)The renewal premium payable from the appointed day under the partially continuing lease is the renewal premium allocated to the continuing subjects under subsection (2).
Yn ôl i’r brig