SCHEDULES

I1SCHEDULE 13 PREMIUM AND OTHER AMOUNTS PAYABLE BY TENANT ON GRANT OF NEW LEASE

Annotations:
Commencement Information
I1

Sch. 13 wholly in force at 1.11.1993 see s. 188(2) and S.I. 1993/2134, art. 5

Part II PREMIUM PAYABLE IN RESPECT OF GRANT OF NEW LEASE

Premium payable by tenant

2

The premium payable by the tenant in respect of the grant of the new lease shall be the aggregate of—

a

the diminution in value of the landlord’s interest in the tenant’s flat as determined in accordance with paragraph 3,

b

the landlord’s share of the marriage value as determined in accordance with paragraph 4, and

c

any amount of compensation payable to the landlord under paragraph 5.