Source: http://www.legislation.gov.uk/ukpga/Geo5/12-13/16/data.xht?view=snippet&wrap=true
Timestamp: 2020-02-26 17:03:53
Document Index: 784156608

Matched Legal Cases: ['art. 2', 'art. 2', 'art. 5', 'art. 5', 'art. 5', 'art. 5', 'art. 5', 'art.2', 'art. 2']

Law of Property Act 1922 (c. 16) xmlns:atom="http://www.w3.org/2005/Atom" xmlns:atom="http://www.w3.org/2005/Atom"
1922 CHAPTER 16 12 and 13 Geo 5
[29th June 1922]
C2Act amended (1. 1. 1992) by S.I. 1991/2684, arts. 2(1), 4, Sch.1.
I1Act wholly in force at 1. 1. 1926 by s. 191(2)(as amended, now repealed).
1—3.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F1E+W
4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F2E+W
F2Ss. 4, 10, 13, 28, Schs. 1, 3 and 9 repealed by Settled Land Act 1925 (c. 18), Sch. 5 and Law of Property Act 1925 (c. 20), Sch. 7
5—9.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F3E+W
10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F4E+W
F4Ss. 4, 10, 13, 28, Schs. 1, 3 and 9 repealed by Settled Land Act 1925 (c. 18), Sch. 5 and Law of Property Act 1925 (c. 20), Sch. 7
11. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F5E+W
12. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F6E+W
F6Ss. 12, 26, 86 and Sch. 5 repealed by Settled Land Act 1925 (c. 18), Sch. 5
13. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F7E+W
F7Ss. 4, 10, 13, 28, Schs. 1, 3 and 9 repealed by Settled Land Act 1925 (c. 18), Sch. 5 and Law of Property Act 1925 (c. 20), Sch. 7
14. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F8E+W
F8Ss. 14, 16 and Sch. 7 repealed by Land Charges Act 1925 (c. 22), Sch.
15. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F9E+W
F9Ss. 1–3, 5–9, 11, 15, 17–25, 27, 29–34, 72–82, 84, 85, 87, 89–108, 146, 152, Schs. 2, 4, 8, 11 and 15 para. 7(3) repealed by Law of Property Act 1925 (c. 20), Sch. 7
16. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F10E+W
F10Ss. 14, 16 and Sch. 7 repealed by Land Charges Act 1925 (c. 22), Sch.
17—25.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F11E+W
26. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F12E+W
F12Ss. 12, 26, 86 and Sch. 5 repealed by Settled Land Act 1925 (c. 18), Sch. 5
27. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F13E+W
F13Ss. 1–3, 5–9, 11, 15, 17–25, 27, 29–34, 72–82, 84, 85, 87, 89–108, 146, 152, Schs. 2, 4, 8, 11 and 15 para. 7(3) repealed by Law of Property Act 1925 (c. 20), Sch. 7
28. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F14E+W
F14Ss. 4, 10, 13, 28, Schs. 1, 3 and 9 repealed by Settled Land Act 1925 (c. 18), Sch. 5 and Law of Property Act 1925 (c. 20), Sch. 7
29—34.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F15E+W
F15Ss. 1–3, 5–9, 11, 15, 17–25, 27, 29–34, 72–82, 84, 85, 87, 89–108, 146, 152, Schs. 2, 4, 8, 11 and 15 para. 7(3) repealed by Law of Property Act 1925 (c. 20), Sch. 7
35—42.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F16E+W
F16Ss. 35–42, 44–71 and Sch. 10 repealed by Settled Land Act 1925 (c. 18), Sch. 5 and Universities and College Estates Act 1925 (c. 24), Sch. 2
[F1743 F18†Power to sell in consideration of a rentcharge, and extension of section 13 of the Act of 1882.E+W
F17S. 43 repealed except as to glebes by Settled Land Act 1925 (c. 18), Sch. 5
F18S. 43 repealed (provinces of Canterbury and York) by Endowments and Glebe Measure 1976 (No. 4), ss. 47(4), 48, Sch. 8
F19Settled Land Act 1882 (c. 38), s. 7(3)–(5) repealed by Settled Land Act 1925 (c. 18), Sch. 5 but, having regard to their application by this Act, reproduced for the purpose of construing it
F20Ss. 43(4)–(7), 128–136, 138–143, 188(2)–(5)(7)(8)(10)–(18)(20)–(22)(24)–(29)(32), 189 and Schs. 12–14 repealed by Statute Law (Repeals) Act 1969 (c. 52), Sch. Pt. III
F21Words substituted by Law of Property (Amendment) Act 1926 (c. 11), s. 7, Sch.
44—71.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F22E+W
F22Ss. 35–42, 44–71 and Sch. 10 repealed by Settled Land Act 1925 (c. 18), Sch. 5 and Universities and College Estates Act 1925 (c. 24), Sch. 2
72—82.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F23E+W
F23Ss. 1–3, 5–9, 11, 15, 17–25, 27, 29–34, 72–82, 84, 85, 87, 89–108, 146, 152, Schs. 2, 4, 8, 11 and 15 para. 7(3) repealed by Law of Property Act 1925 (c. 20), Sch. 7
83. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F24E+W
F24Ss. 83, 113, 123 repealed by Trustee Act 1925 (c. 19), Sch. 2 and Law of Property Act 1925 (c. 20), Sch. 7
84, 85.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F25E+W
F25Ss. 1–3, 5–9, 11, 15, 17–25, 27, 29–34, 72–82, 84, 85, 87, 89–108, 146, 152, Schs. 2, 4, 8, 11 and 15 para. 7(3) repealed by Law of Property Act 1925 (c. 20), Sch. 7
86. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F26E+W
F26Ss. 12, 26, 86 and Sch. 5 repealed by Settled Land Act 1925 (c. 18), Sch. 5
87. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F27E+W
F27Ss. 1–3, 5–9, 11, 15, 17–25, 27, 29–34, 72–82, 84, 85, 87, 89–108, 146, 152, Schs. 2, 4, 8, 11 and 15 para. 7(3) repealed by Law of Property Act 1925 (c. 20), Sch. 7
88. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F28E+W
F28Ss. 88, 109, 111, 112, 114–122 and 124–127 repealed by Trustee Act 1925 (c. 19), Sch. 2
89—108.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F29E+W
F29Ss. 1–3, 5–9, 11, 15, 17–25, 27, 29–34, 72–82, 84, 85, 87, 89–108, 146, 152, Schs. 2, 4, 8, 11 and 15 para. 7(3) repealed by Law of Property Act 1925 (c. 20), Sch. 7
109. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F30E+W
F30Ss. 88, 109, 111, 112, 114–122 and 124–127 repealed by Trustee Act 1925 (c. 19), Sch. 2
110. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F31E+W
F31S. 110 repealed by Trustee Act 1925 (c. 19), Sch. 2 and Administration of Estates Act 1925 (c. 23), Sch. 2 Pt. II
111, 112.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F32E+W
F32Ss. 88, 109, 111, 112, 114–122 and 124–127 repealed by Trustee Act 1925 (c. 19), Sch. 2
113. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F33E+W
F33Ss. 83, 113, 123 repealed by Trustee Act 1925 (c. 19), Sch. 2 and Law of Property Act 1925 (c. 20), Sch. 7
114—122.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F34E+W
F34Ss. 88, 109, 111, 112, 114–122 and 124–127 repealed by Trustee Act 1925 (c. 19), Sch. 2
123. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F35E+W
F35Ss. 83, 113, 123 repealed by Trustee Act 1925 (c. 19), Sch. 2 and Law of Property Act 1925 (c. 20), Sch. 7
124—127.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F36E+W
F36Ss. 88, 109, 111, 112, 114–122 and 124–127 repealed by Trustee Act 1925 (c. 19), Sch. 2
128—136.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F37E+W
F37Ss. 43(4)–(7), 128–136, 138–143, 188(2)–(5)(7)(8)(10)–(18)(20)–(22)(24)–(29)(32), 189 and Schs. 12–14 repealed by Statute Law (Repeals) Act 1969 (c. 52), Sch. Pt. III
C4S. 137 extended by Land Charges Act 1972 (c. 61), s. 15(2)
C5Functions of Commissioners of Works now exercisable by Secretary of State: S.R. & O.1945/991 (Rev. XV, p. 232: 1945 I, p. 1414), S.I. 1962/1549 and 1970/1681
M21888 c. 51.
Part VIE+W Extinguishment of Manorial Incidents
138—143.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F38E+W
F38Ss. 43(4)–(7), 128–136, 138–143, 188(2)–(5)(7)(8)(10)–(18)(20)–(22)(24)–(29)(32), 189 and Schs. 12–14 repealed by Statute Law (Repeals) Act 1969 (c. 52), Sch. Pt. III
Any person interested in enfranchised land may on payment of the fee prescribed by the Lord Chancellor, inspect at any reasonable hour any Court Rolls of the manor of which the land was held; and Court Rolls shall (whether before or after the manorial incidents have been extinguished), for the purposes of section fourteen of the M3Evidence Act, 1851, be deemed to be documents of such a public nature as to be admissible in evidence on their mere production from the proper custody.
M31851 c. 99.
[F39144AManorial documents.E+W
(1)All manorial documents shall be under the charge and superintendence of the Master of the Rolls.
F39S. 144A added by Law of Property (Amendment) Act 1924 (15 & 16 Geo. 5 c. 5), Sch. 2 para. 2
C6S. 144A(4) amended by Local Government (Records) Act 1962 (c. 56), s. 7(1)
146. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F40E+W
F40Ss. 1–3, 5–9, 11, 15, 17–25, 27, 29–34, 72–82, 84, 85, 87, 89–108, 146, 152, Schs. 2, 4, 8, 11 and 15 para. 7(3) repealed by Law of Property Act 1925 (c. 20), Sch. 7
147—151.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F41E+W
F41Ss. 147–151, 153–155 and 157–163 repealed by Administration of Estates Act 1925 (c. 23), Sch. 2 Pt. II
152. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F42E+W
F42Ss. 1–3, 5–9, 11, 15, 17–25, 27, 29–34, 72–82, 84, 85, 87, 89–108, 146, 152, Schs. 2, 4, 8, 11 and 15 para. 7(3) repealed by Law of Property Act 1925 (c. 20), Sch. 7
153, 154.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F43E+W
F43Ss. 147–151, 153–155 and 157–163 repealed by Administration of Estates Act 1925 (c. 23), Sch. 2 Pt. II
155. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F44E+W
F44Ss. 147–151, 153–155 and 157–163 repealed by Administration of Estates Act 1925 (c. 23), Sch. 2 Pt. II
156. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F45E+W
F45S. 156 repealed by Law of Property Act 1925 (c. 20), Sch. 7 and Administration of Estates Act 1925 (c. 23), Sch. 2 Pt. II
157—163.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F46E+W
F46Ss. 147–151, 153–155 and 157–163 repealed by Administration of Estates Act 1925 (c. 23), Sch. 2 Pt. II
164—187.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F47E+W
F47Ss. 164–187 and Sch. 16 repealed by Land Registration Act 1925 (c. 21), Sch.
F48Words in s. 188(1) repealed (1.1.1997) by 1996 c. 47, s. 25(2), Sch. 4 (with s. 24(2), 25(4)(5); S.I. 1996/2974, art. 2
F49Ss. 43(4)–(7), 128–136, 138–143, 188(2)–(5)(7)(8)(10)–(18)(20)–(22)(24)–(29)(32), 189 and Schs. 12–14 repealed by Statute Law (Repeals) Act 1969 (c. 52), Sch. Pt. III
F50Words repealed by Courts Act 1971 (c. 23), Sch. 11 Pt. II
F51S. 188(19) repealed by Mental Health Act 1959 (c. 72), Sch. 8, Pt. I
F52S. 188(30) repealed (1.1.1997) by 1996 c. 47, s. 25(2), Sch. 4 (with ss. 24(2), 25(4)(5)); S.I. 1996/2974, art. 2
F53S. 188(31) repealed (27.3.2002) by S.I. 2002/794, art. 5(2), Sch. 2 (with arts. 5(3), 6)
189. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F54E+W
F54Ss. 43(4)–(7), 128–136, 138–143, 188(2)–(5)(7)(8)(10)–(18)(20)–(22)(24)–(29)(32), 189 and Schs. 12–14 repealed by Statute Law (Repeals) Act 1969 (c. 52), Sch. Pt. III
F55S. 191(2) repealed by Statute Law Revision Act 1950 (c. 6)
FIRST SCHEDULE. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F56E+W
F56Ss. 4, 10, 13, 28, Schs. 1, 3 and 9 repealed by Settled Land Act 1925 (c. 18), Sch. 5 and Law of Property Act 1925 (c. 20), Sch. 7
SECOND SCHEDULE. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F57E+W
F57Ss. 1–3, 5–9, 11, 15, 17–25, 27, 29–34, 72–82, 84, 85, 87, 89–108, 146, 152, Schs. 2, 4, 8, 11 and 15 para. 7(3) repealed by Law of Property Act 1925 (c. 20), Sch. 7
THIRD SCHEDULE. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F58E+W
F58Ss. 4, 10, 13, 28, Schs. 1, 3 and 9 repealed by Settled Land Act 1925 (c. 18), Sch. 5 and Law of Property Act 1925 (c. 20), Sch. 7
FOURTH SCHEDULE. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F59E+W
F59Ss. 1–3, 5–9, 11, 15, 17–25, 27, 29–34, 72–82, 84, 85, 87, 89–108, 146, 152, Schs. 2, 4, 8, 11 and 15 para. 7(3) repealed by Law of Property Act 1925 (c. 20), Sch. 7
FIFTH SCHEDULE. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F60E+W
F60Ss. 12, 26, 86 and Sch. 5 repealed by Settled Land Act 1925 (c. 18), Sch. 5
SIXTH SCHEDULE. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F61E+W
F61Sch. 6 repealed by Settled Land Act 1925 (c. 18), Sch. 5, Law of Property Act 1925 (c. 20), Sch. 7 and Administration of Estates Act 1925 (c. 23), Sch. 2 Pt. II
SEVENTH SCHEDULE. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F62E+W
F62Ss. 14, 16 and Sch. 7 repealed by Land Charges Act 1925 (c. 22), Sch.
EIGHTH SCHEDULE. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F63E+W
F63Ss. 1–3, 5–9, 11, 15, 17–25, 27, 29–34, 72–82, 84, 85, 87, 89–108, 146, 152, Schs. 2, 4, 8, 11 and 15 para. 7(3) repealed by Law of Property Act 1925 (c. 20), Sch. 7
NINTH SCHEDULE. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F64E+W
F64Ss. 4, 10, 13, 28, Schs. 1, 3 and 9 repealed by Settled Land Act 1925 (c. 18), Sch. 5 and Law of Property Act 1925 (c. 20), Sch. 7
TENTH SCHEDULE. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F65E+W
F65Ss. 35–42, 44–71 and Sch. 10 repealed by Settled Land Act 1925 (c. 18), Sch. 5 and Universities and College Estates Act 1925 (c. 24), Sch. 2
ELEVENTH SCHEDULE. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F66E+W
F66Ss. 1–3, 5–9, 11, 15, 17–25, 27, 29–34, 72–82, 84, 85, 87, 89–108, 146, 152, Schs. 2, 4, 8, 11 and 15 para. 7(3) repealed by Law of Property Act 1925 (c. 20), Sch. 7
TWELFTH TO FOURTEENTH SCHEDULES. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F67E+W
F67Ss. 43(4)–(7), 128–136, 138–143, 188(2)–(5)(7)(8)(10)–(18)(20)–(22)(24)–(29)(32), 189 and Schs. 12–14 repealed by Statute Law (Repeals) Act 1969 (c. 52), Sch. Pt. III
5[F68(1)]A grant, after the commencement of this Act, of a term, subterm, or other leasehold interest with a covenant or obligation for perpetual renewal, which would have been valid if this Part of this Act had not been passed, shall (subject to the express provisions of this Act) take effect as a demise for a term of two thousand years or in the case of a subdemise for a term less in duration by one day than the term out of which it is derived, to commence from the date fixed for the commencement of the term, subterm, or other interest, and in every case free from any obligation for renewal or for payment of any fines, fees, costs, or other money in respect of renewal.
[F69(2)Sub-paragraph (3) applies where a grant—
F68Sch. 15 para. 5; text in para. 5 renumbered as para. 5(1) (27.09.2004) by 2002 c. 15, Sch. 5 para. 1
F69Sch. 15 para. 5(2)(3) inserted (27.09.2004) by 2002 c. 15, Sch. 5 para. 1
(2)In case any dispute arises respecting the adjustment of the rent, the matter shall be submitted to the [F70Secretary of State] for determination, in the manner provided by this Act.
F70Words in Sch. 15 para. 6(2) substituted (27.3.2002) by S.I. 2002/794, art. 5(1), Sch. 1 para. 1(a) (with arts. 5(3), 6)
(3) . . . F71
F71Ss. 1–3, 5–9, 11, 15, 17–25, 27, 29–34, 72–82, 84, 85, 87, 89–108, 146, 152, Schs. 2, 4, 8, 11 and 15 para. 7(3) repealed by Law of Property Act 1925 (c. 20), Sch. 7
Provided that if any such notice be given all uncommuted additional rent attributable to a fire or other money which, if this Act had not been passed, would have been payable on a renewal made after the date of the notice, shall [F72cease or] not become payable:
(2)If any dispute arises respecting the date on which a notice is authorised to be served by this section, or whether or not a lease or underlease or assignment or a copy thereof ought to be endorsed as aforesaid, the matter shall be submitted to the [F73Secretary of State] for determination in the manner provided by this Act.
F72Words inserted by Law of Property (Amendment) Act 1924 (15 & 16 Geo. 5 c. 5), Sch. 2 para. 5
F73Words in Sch. 15 para. 10(2) substituted (27.3.2002) by S.I. 2002/794, art. 5(1), Sch. 1 para. 1(b) (with arts. 5(3), 6)
12(1)Where, under the lease, underlease, or otherwise, any fine or other money, including a heriot, is payable by the lessee or underlessee on renewal, then and in every such case [F74an amount to be ascertained as hereinafter provided] shall, save as in this Act provided and unless commuted, become payable to the lessor as additional rent, during the subsistence of the term or subterm created by this Act, by as nearly as may be equal yearly instalments the first instalment to be paid at the end of one year from the commencement of this Act; but no sums payable for costs of examination of the lessee’s or underlessee’s title or of granting a new lease or underlease or of any other work which is rendered unnecessary by this Act shall be taken into account in ascertaining the additional rent.
[F75(2)In default of agreement and unless the [F76Secretary of State], having regard to the practice and other circumstances of the case, otherwise directs, the following provisions shall have effect for the purpose of ascertaining the annual instalments of additional rent:—
(3)But where the time at or within which the said fine or other money must be paid is not definitely fixed by or ascertainable from the lease or underlease the same shall, for the purpose of ascertaining the amount of the annual instalments of additional rent, be deemed to have been payable on such date as may, within one year from the commencement of this Act, be agreed between the lessor and the lessee or underlessee [F74or in default] of such agreement, as may be fixed by the [F76Secretary of State]
(5)Subject to any order by the [F76Secretary of State] or the court to the contrary, and in default of agreement, the amount of each annual instalment of additional rent shall be ascertained by [F74an actuary, regard being had to the interval or average interval occurring between the dates of renewal and to any circumstances affecting the amount payable on renewal.]
(6)If the lessee or underlessee is liable to forfeit his right of renewal if he makes default in payment of a fine or other money or in doing any other act or thing within a time ascertainable by the dropping of a life, but not otherwise, then [F74such percentage as the [F76Secretary of State] may generally or in any particular instance with a view to maintaining any existing practice, prescribe] of the annual value of the land (ascertained as provided by this Act in the case of enfranchised land for the extinguishment of manorial incidents) shall be treated as added to the fines and other money payable by the lessee or underlessee on renewal for the purpose of ascertaining the amount of the annual instalment of additional rent, and as compensation to the lessor for loss of his right of re-entry (present or future) which would have accrued by reason of any failure to exercise the right of renewal.
F74Words substituted by Law of Property (Amendment) Act 1924 (15 & 16 Geo. 5 c. 5), Sch. 2 para. 5
F75Para 12(2) substituted by Law of Property (Amendment) Act 1924 (15 & 16 Geo. 5 c. 5), Sch. 2 para. 5
F76Words in Sch. 15 para. 12(2)(3)(5)(6) substituted (27.3.2002) by S.I. 2002/794, art. 5(1), Sch. 1 para. 1(c) (with arts. 5(3), 6)
(a)For the commutation or discharge of any claims in respect of additional rent [F77or any part thereof];
F77Words added by Law of Property (Amendment) Act 1924 (15 & 16 Geo. 5 c. 5), Sch. 2 para. 5
16(1)If the lessor and lessee or underlessee or the lessor’s agent (as the case may require) do not agree, or any dispute arises as to the amount or date for payment of any annual instalment of additional rent, or the amount for which the same ought to be commuted, or the amount at which any rent ought to be adjusted, or apportioned, or the amount of compensation (if any) payable by the lessor to his officer, solicitor or other agent, [F78or the appointment of or instructions to be given to an actuary under paragraph 12 (5) of this Schedule], the question or dispute shall be submitted to the [F79Secretary of State] for determination, when the parties may be represented by solicitors or counsel, and the award of the [F79Secretary of State] shall (subject only to such appeal to the court as may be prescribed by rules of court) be final.
(2)The [F79Secretary of State] may issue regulations in respect of any of the matters aforesaid, and determine by whom and in what proportions the cost of any application to the [F79Secretary of State] shall be paid.
(3)If a dispute as to the amount for which any annual instalment of additional rent ought to be commuted is submitted to the [F79Secretary of State], and if the lessor would (under the lease or underlease subsisting at the commencement of this Act, or any lease or underlease which would have been subsisting if this Act had not been passed and the successive renewable leases or underleases had been renewed in the ordinary course) have had a right to refuse renewal by reason of a default in payment of a fine, then the [F79Secretary of State] shall, in the arbitration, have regard to the value of such right (unless compensation has been given for the loss of the right) in like manner as if a corresponding absolute right to determine the term or subterm created by this Act had, by reason of a corresponding default, been made exerciseable by the lessor at the time at which the renewable lease or underlease would have expired if the lessor had lawfully refused to renew it.
[F80For the purpose of this sub-paragraph the compensation to be given for the loss of the said right shall be regulated by the practice (if any) which obtained, before the commencement of this Act, in assessing the value of the said right, unless the [F79Secretary of State] otherwise directs.]
F78Words inserted by Law of Property (Amendment) Act 1924 (15 & 16 Geo. 5 c. 5), Sch. 2 para. 5
F79Words in Sch. 15 para. 16 substituted (27.3.2002) by S.I. 2002/794, art. 5(1), Sch. 1 para. 1(d) (with arts. 5(3), 6)
F80Words added by Law of Property (Amendment) Act 1924 (15 & 16 Geo. 5 c. 5), Sch. 2 para. 5
C8Sch. 15 para. 16 (1) applied (with modifications) (23.12.2011) by S.I. 2011/2866, Sch. 2
(3)If the reversion is settled land, or [F81subject to a trust of land], any commutation money shall be treated as capital money or proceeds of sale arising from such land (as the case may require).
(4)If the land comprised in the lease or underlease is settled land or [F81subject to a trust of land], the commutation money may be paid out of capital money or personal estate (not being chattels real) held on the same trusts as the land.
F81Words in Sch. 15 para. 17(3)(4) substituted (1.1.1997) by 1996 c. 47, s. 25(1), Sch. 3 para.1 (with ss. 24(2), 25(4)(5)); S.I. 1996/2974, art.2
18The provisions of section sixty-seven of the M4Conveyancing Act, 1881, shall apply to any notice required or authorised to be given under this Part of this Act or under any provision implied by this Part of this Act.
M41881 c. 41.
20(1)The original or counterpart of any lease or underlease or assignment to which this Part of this Act applies may be deposited at the Central Office of the [F82Senior Courts].
F82Words in Act substituted (1.10.2009) by Constitutional Reform Act 2005 (c. 4), s. 148(1), Sch. 11 para. 4; S.I. 2009/1604, art. 2(d)
F83F83SIXTEENTH SCHEDULEE+W
F83Ss. 164–187 and Sch. 16 repealed by Land Registration Act 1925 (c. 21), Sch.