Rent Act 1977 (c. 42)

SCHEDULES

SCHEDULE 18 E+W Allowable Premiums

Part II E+W Premium Allowed under Sections 121 and 127

7 (1) The fraction is E+W

where

• X is the residue of the term of the tenancy at the date of the assignment, and

• Y is the term for which the tenancy was granted.

(2) Sub-paragraph (1) above shall apply where a tenancy has been assigned as it applies where a tenancy has been granted and then Y in the fraction shall be the residue, at the date of that assignment, of the term for which the tenancy was granted.