SCHEDULES

SCHEDULE 13 PREMIUM AND OTHER AMOUNTS PAYABLE BY TENANT ON GRANT OF NEW LEASE

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.