Part III Intermediate Leasehold Interests
Leasehold Reform, Housing and Urban Development Act 1993 (1993 c 28) | Legislation

Part III Intermediate Leasehold Interests

Price payable for intermediate leasehold interests

6

(1)ÌýÌýÌýÌý Where the nominee purchaser [RTE company] is to acquire one or more intermediate leasehold interests—

(a)ÌýÌýÌýÌý a separate price shall be payable for each of those interests, and

(b)ÌýÌýÌýÌý (subject to the provisions of this paragraph) that price shall be the aggregate of—

(i)ÌýÌýÌýÌý the value of the interest as determined in accordance with paragraph 7, and

(ii)ÌýÌýÌýÌý any amount of compensation payable to the owner of that interest in accordance with paragraph 8.

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

Value of intermediate leasehold interests

7

(1)ÌýÌýÌýÌý Subject to sub-paragraph (2), paragraph 3 shall apply for determining the value of any intermediate leasehold interest for the purposes of paragraph 6(1)(b)(i) with such modifications as are appropriate to relate that paragraph to a sale of the interest in question subject (where applicable) to any

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