Leasehold Reform, Housing and Urban Development Act 1993

Price payable for intermediate leasehold interestsE+W

6(1)Where the nominee purchaser is to acquire one or more intermediate leasehold interests—E+W

(a)a separate price shall be payable for each of those interests, and

(b)(subject to the provisions of this paragraph) that price shall be the aggregate of—

(i)the value of the interest as determined in accordance with paragraph 7, and

(ii)any amount of compensation payable to the owner of that interest in accordance with paragraph 8.

(2)Where in the case of any intermediate leasehold interest the amount arrived at in accordance with sub-paragraph (1)(b) is a negative amount, the price payable by the nominee purchaser for the interest shall be nil.