No versions valid at: 07/08/2012
Point in time view as at 07/08/2012. This version of this provision is not valid for this point in time.
There are currently no known outstanding effects for the Long Leases (Scotland) Act 2012, Section 2.
Valid from 28/11/2013
(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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