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Long Leases (Scotland) Act 2012

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This is the original version (as it was originally enacted).

2Further provision about annual rent

This section has no associated Explanatory Notes

(1)This section applies for the purposes of section 1(4)(a) in determining the annual rent payable under a lease.

(2)Subject to subsections (4) to (6), the rent payable under a lease is the rent as set out in a document mentioned in subsection (3).

(3)The documents are—

(a)the lease,

(b)a registered assignation of the lease, or

(c)a registered minute of variation or agreement in relation to the lease.

(4)Where a cumulo rent is payable in relation to two or more leases, the annual rent payable under each lease is deemed to be nil.

(5)Any rent payable under a lease which is expressed wholly or partly in non-monetary terms is, to the extent that it is so expressed, to be left out of account.

(6)Any rent payable under a lease which is variable from year to year is, to the extent that it is so variable, to be left out of account.

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