SCHEDULES

F3Schedule 6A REDEMPTION OF LANDLORD’S SHARE

Annotations:
Amendments (Textual)
F3

Sch. 6A inserted (11.10.1993) by 1993 c. 28, s. 117(2), Sch. 16; S.I. 1993/2134, arts. 2, 4(b) (with saving in Sch. 1 para. 4(1)).

F2Value of landlord’s share and amount of final payment

Annotations:
Amendments (Textual)
F2

Sch. 6A inserted (11.10.1993) by 1993 c. 28, s. 117(2), Sch. 16; S.I. 1993/2134, arts. 2, 4(b) (with saving in Sch. 1 para. 4(1)).

F13

The value of the landlord’s share shall be determined by the formula -

and the amount required to redeem that share shall be determined by the formula—

where—

  • VS = the value of the landlord’s share;

  • V = the value of the dwelling-house (agreed or determined in accordance with paragraph 8);

  • S = the landlord’s share expressed as a percentage;

  • R = the amount required to redeem the landlord’s share;

  • D = the amount of the final discount (if any) which is applicable under paragraphs 4 and 5.