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Rentcharges Act 1977

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This is the original version (as it was originally enacted).

7Effect of apportionment order

(1)An apportionment order shall, subject to subsection (2) below, have effect—

(a)on the expiry of the period of 28 days beginning with the day on which it is made, or

(b)where an appeal against the order has been duly made under section 6 above, on such day as the Lands Tribunal shall specify.

(2)If—

(a)in the case of an application made under section 4(1) above, the part of the rentcharge apportioned to the applicant's land, or

(b)in the case of an application under section 4(2) above, any apportioned part of the rentcharge,

does not exceed the annual sum of £5, then, subject to subsection (3) below, it shall, where an application has been duly made under section 5(3)(b) above, be made a condition of the apportionment order that it shall have effect only for the purpose of the redemption of that part of the rentcharge in accordance with the following provisions of this Act.

(3)The Secretary of State shall not impose a condition under subsection (2) above in any case where he considers that, having regard to all the circumstances, to do so would cause the applicant to suffer financial hardship.

(4)In the case of an application under section 4(1) above, the effect of an apportionment order shall (subject to subsection (2) above) be to release the applicant's land from any part of the rentcharge not apportioned to it and to release the remaining land affected by the rentcharge from such part (if any) of the rentcharge as is apportioned to the applicant's land.

(5)In the case of an application under section 4(2) above, the effect of an apportionment order shall (subject to subsection (2) above) be to release each part of the applicant's land from any part of the rentcharge not apportioned to it.

(6)The Secretary of State may by regulations specify, in substitution for the sum mentioned in subsection (2) above, such other annual sum as he considers appropriate.

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