Paragraph 7 I1
A lease—
(a)
is granted “at a premium” if there is consideration other than rent, and
(b)
is a “low-rental” lease if the annual rent (if any) is less than £1,000 a year.
Annotations
Commencement
- I1
Sch. 13 para. 7 in force at 1.4.2015 by S.S.I. 2015/108 , art. 2