Part IV Other Interests to be Acquired
Leasehold Reform, Housing and Urban Development Act 1993 (1993 c 28) | Legislation

Part IV Other Interests to be Acquired

Price payable for other interests

10

(1)ÌýÌýÌýÌý Where the nominee purchaser [RTE company] is to acquire any freehold interest in pursuance of section 1(2)(a) or (4) or section 21(4), then (subject to sub-paragraph (3) below) the price payable for that interest shall be the aggregate of—

(a)ÌýÌýÌýÌý the value of the interest as determined in accordance with paragraph 11,

(b)ÌýÌýÌýÌý any share of the marriage value to which the owner of the interest is entitled under paragraph 12, and

(c)ÌýÌýÌýÌý any amount of compensation payable to the owner of the interest in accordance with paragraph 13.

(2)ÌýÌýÌýÌý Where the nominee purchaser [RTE company] is to acquire any leasehold interest by virtue of section 2(1) other than an intermediate leasehold interest, or he [it] is to acquire any leasehold interest in pursuance of section 21(4), then (subject to sub-paragraph (3) below) the price payable for that interest shall be the aggregate of—

(a)ÌýÌýÌýÌý the value of the interest as determined in accordance with paragraph 11, and

(b)ÌýÌýÌýÌý any amount of compensation payable

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