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 III AMOUNTS PAYABLE TO OWNERS OF INTERMEDIATE LEASEHOLD INTERESTS

Diminution in value of intermediate interest

7

1

The diminution in value of any intermediate leasehold interest is the difference between—

a

the value of that interest prior to the grant of the new lease; and

b

the value of that interest once the new lease is granted.

2

Each of those values shall be determined, as at F1the relevant date, in accordance with paragraph 8.