Long Leases (Scotland) Act 2012 (asp 9) - Explanatory Notes

Explanatory Notes

Long Leases (Scotland) Act 2012

2012 asp 9

7 August 2012

Part 3: Allocation of Rents and Renewal Premiums Etc.

Overview of Part 3 of the Act

156. Part 3 of the Act makes provision for the allocation of cumulo rent and cumulo renewal premium. “Cumulo” refers to a single payment made in relation to two or more leases.