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Apportionment Act 1870 (c. 35)

Apportionment Act 1870 1870 CHAPTER 35 33 and 34 Vict An Act for the better apportionment of rents and other periodical payments. [1st August 1870] Whereas rents and some other periodical payments are not at common law apportionable (like interest on money lent) in respect of time, and for remedy of some of the mischiefs and inconveniences thereby arising divers statutes have been passed: And whereas it is expedient to make provision for the remedy of all such mischiefs and inconveniences:

Legislation

Table of Content

1. Short title. U.K.

2. Rents, &c. to accrue from day to day and be apportionable in respect of time. U.K.

3. Apportioned part of rent, &c. to be payable when the next entire portion shall have become due. U.K.

4. Persons shall have the same remedies for recovering apportioned parts as for entire portions. Proviso as to rents reserved in certain cases. U.K.

5. Interpretation of terms. U.K.

6. Act not to apply to policies of assurance; U.K.

7. nor where stipulation made to the contrary. U.K.

1. Short title. U.K.

2. Rents, &c. to accrue from day to day and be apportionable in respect of time. U.K.

3. Apportioned part of rent, &c. to be payable when the next entire portion shall have become due. U.K.

4. Persons shall have the same remedies for recovering apportioned parts as for entire portions. Proviso as to rents reserved in certain cases. U.K.

5. Interpretation of terms. U.K.

6. Act not to apply to policies of assurance; U.K.

7. nor where stipulation made to the contrary. U.K.

Section 1

1. Short title. U.K.

This Act may be cited for all purposes as “The Apportionment Act, 1870.”

Section 2

2. Rents, &c. to accrue from day to day and be apportionable in respect of time. U.K.

All rents, annuities, dividends, and other periodical payments in the nature of income (whether reserved or made payable under an instrument in writing or otherwise) shall, like interest on money lent, be considered as accruing from day to day, and shall be apportionable in respect of time accordingly. Modifications etc. (not altering text) C8 S. 2 excluded (E.W.) (1.10.2013) by Trusts (Capital and Income) Act 2013 (c. 1) , ss. 1(1) , 5(3) (with s. 5(1) ); S.I. 2013/676 , art. 4(a)