SCHEDULES

SCHEDULE 7Premium allowed on assignation of Tenancy where Premium lawfully paid on Grant

3

The formula mentioned in paragraph 2 above is—

P×AGmath

where

  • P is the premium referred to in paragraph 1(1)(a) above ;

  • A is the length of the period beginning on the date on which the assignation in question takes effect and ending on the relevant date; and

  • G is the length of the period beginning on the date of the grant, continuance or renewal in respect of which the premium was paid and ending on the relevant date.