Article 3 Ground rents subject to future increase

Where, for the purposes of paragraph 4 to Schedule 1 to the Act the date for any increase in the yearly amount of a ground rent falls 9 years or less from the date of the application to redeem that ground rent, the yearly amount of the ground rent is taken to be the aggregate of its amount at the date of application and a sum representing that increase (or, if more than one, sums representing each such increase) discounted at the rate of 11 per cent per annum beginning with the date for the increase (or the dates for those respective increases) and ending with the application date.