Commencement Information
I1Part II wholly in force at 30. 11. 1991 see s. 54(2) and S.I. 1991/2508, art. 2
(1)Subject to the provisions of this section, a depreciation payment shall be made to the person who is for the time being the owner of the property in question.
(2)If any other person is liable to make good the whole of the damage to which the payment relates, the payment shall be made to him.
(3)If any other person is liable to make good any part of that damage, such part of the amount of the payment shall be paid to him as bears to the whole of that amount the same proportion as the scheduled cost of works for which he is responsible bears to the total scheduled cost.
(4)In subsection (3) above—
(a)the reference to the scheduled cost of works for which the other person is responsible is a reference to the aggregate amount of the costs specified in the schedule of remedial works in respect of works required for making good the part of the damage which he is liable to make good; and
(b)the reference to the total scheduled cost is a reference to the aggregate amount of all costs specified in the schedule of remedial works.
(5)Schedule 2 to this Act applies for determining the persons who are to receive depreciation payments in special cases; and references in this section and that Schedule to a depreciation payment or part of such a payment include any interest payable in respect of that payment or that part in accordance with Schedule 1 to this Act.
Modifications etc. (not altering text)
C1S. 15 amended (31.10.1994) by 1994 c. 21, s. 43, Sch. 6 para. 4 (with ss. 40(7), 66); S.I. 1994/2553, art. 2
Commencement Information
I2S. 15 wholly in force at 30.11.1991 see s. 54(2) and S.I. 1991/2508, art.2