# Rent Act 1977, Paragraph 7


(1) The fraction is
XYwhere
X is the residue of the term of the tenancy at the date of the assignment, and
Y is the term for which the tenancy was granted.
(2) Sub-paragraph (1) above shall apply where a tenancy has been assigned as it applies where a tenancy has been granted and then Y in the fraction shall be the residue, at the date of that assignment, of the term for which the tenancy was granted.

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Source: https://www.legislation.gov.uk/ukpga/1977/42/schedule/18/paragraph/7 (the official version)
Page: https://openlegislation.uk/rent-act-1977/schedule-18/paragraph-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.