Core rentN.I.
This
adran has no associated
Memorandwm Esboniadol
22. Except where paragraph 23 applies, the renter's core rent is to be determined as follows—
Step 1
Determine the amount of each relevant payment to be taken into account under paragraph 5.
Step 2
Determine the period in respect of which each relevant payment is payable and, in accordance with paragraph 6, determine the amount of the payment in respect of a month.
Step 3
If there is more than one relevant payment, add together the amounts determined in step 2 in relation to all relevant payments.
The result is the renter's core rent.