Part II Freehold of Specified Premises
Leasehold Reform, Housing and Urban Development Act 1993 (1993 c 28) | Legislation

Part II Freehold of Specified Premises

Price payable for freehold of specified premises

2

(1)ÌýÌýÌýÌý Subject to the provisions of this paragraph [where the freehold of the whole of the specifies premises is owned by the same person], the price payable by the nominee purchaser [RTE company] for the freehold of [those] premises shall be the aggregate of—

(a)ÌýÌýÌýÌý the value of the freeholder's interest in the premises as determined in accordance with paragraph 3,

(b)ÌýÌýÌýÌý the freeholder's share of the marriage value as determined in accordance with paragraph 4, and

(c)ÌýÌýÌýÌý any amount of compensation payable to the freeholder under paragraph 5.

(2)ÌýÌýÌýÌý Where the amount arrived at in accordance with sub-paragraph (1) is a negative amount, the price payable by the nominee purchaser [RTE company] for the freehold shall be nil.

Value of freeholder's interest

3

(1)ÌýÌýÌýÌý Subject to the provisions of this paragraph, the value of the freeholder's interest in the specified premises is the amount which at [the relevant date] that interest might be expected to realise if sold on the open market by

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