SCHEDULES

SCHEDULE 6 PURCHASE PRICE PAYABLE BY NOMINEE PURCHASER

Part I GENERAL

Interpretation and operation of Schedule

1

(1)

In this Schedule—

  • F1. . .

  • “intermediate leasehold interest” means the interest of the tenant under a lease which is superior to the lease held by a qualifying tenant of a flat contained in the specified premises, to the extent that—

    1. (a)

      any such interest is to be acquired by the nominee purchaser by virtue of section 2(1)(a), and

    2. (b)

      it is an interest in the specified premises;

  • F2...

(2)

Parts II to IV of this Schedule have effect subject to the provisions of Parts V and VI (which relate to interests with negative values).