Print Options
PrintThe Whole
Act
PrintThe Whole
Schedule
PrintThe Whole
Cross Heading
PrintThis
Section
only
Status:
This is the original version (as it was originally enacted). This item of legislation is currently only available in its original format.
5(1)This paragraph has effect where a premium was lawfully required and paid on the grant of a tenancy to which paragraph 1 of this Schedule applies.
(2)Nc4hing in section 86 of the Rent Act 1968 (prohibition of premiums on assignment of protected tenancies) shall prevent any person from requiring or receiving, on an assignment of the tenancy, the fraction of the premium specified below (without prejudice, however, to his requiring or receiving a greater sum in a case where he may lawfully do so under Schedule 11 to the Rent Act 1968).
(3)If there was more than one premium, sub-paragraph (2) above applies to the last of them.
(4)The said fraction is where—
(a)X is the residue of the term of the tenancy at the date of the assignment, and
(b)Y is the term for which the tenancy was granted.
(5)Sub-paragraph (1) of this paragraph shall apply where a tenancy has been assigned as it applies where a tenancy has been granted, and then Y in the said fraction shall be the residue, at the date of that assignment, of the term for which the tenancy was granted.
(6)In this and the next following paragraph " grant" includes continuance and renewal.
Back to top