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Long Leases (Scotland) Act 2012

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2Further provision about annual rentS

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.

Commencement Information

I1S. 2 in force at 28.11.2013 by S.S.I. 2013/322, art. 2(a)

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