Landlord and Tenant (Ground Rents) (No. 2) Act, 1978

Greatest rent under section 10.

[1958, s. 7 (3)]

11.—In determining for the purposes of section 10 the greatest rent reserved by a lease the following provisions shall have effect:

(a) where during the currency of a lease part of the rent is redeemed by a capital payment, the reduced rent shall be deemed to be the greatest rent reserved by the lease;

(b) a penal rent payable for any breach of covenant and any exceptional rent reserved for a specified period not exceeding five years shall be disregarded.