Apportionment Act |
(CHAPTER 8) |
(Original Enactment: Ordinance 25 of 1928)
REVISED EDITION 1985 |
(30th March 1987) |
An Act for the better apportionment of rents and other periodical payments. |
[28th December 1928] |
Short title |
1. This Act may be cited as the Apportionment Act. |
Interpretation |
2. In this Act —
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Rents, etc., to accrue from day to day |
3. 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. |
Apportioned part of rent, etc., to be payable when next entire portion due |
4. The apportioned part of any such rent, annuity, dividend or other payment shall be payable or recoverable, in the case of a continuing rent, annuity, or other such payment, when the entire portion of which such apportioned part forms part becomes due and payable, and not before; and, in the case of a rent, annuity, or other such payment determined by re-entry, death, or otherwise, when the next entire portion of the same would have been payable if the same had not so determined, and not before. |
Remedies for recovering apportioned parts |
5. All persons and their respective executors, administrators and assigns, and also the executors, administrators and assigns respectively of persons whose interests determine with their own deaths, shall have such or the same remedies for recovering such apportioned parts as aforesaid when payable (allowing proportionate parts of all just allowances) as they respectively would have had for recovering the entire portions as aforesaid if entitled thereto respectively:
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Exclusion of policies of assurance |
6. Nothing in this Act shall render apportionable any annual sums made payable in policies of assurance of any description. |
Exclusion by express stipulation |
7. This Act shall not extend to any case in which it is expressly stipulated that no apportionment shall take place. |
Validation of past apportionments |
8. No payment, composition, discharge or settlement of account made or given prior to 28th December 1928 shall be deemed invalid by reason only of the fact that it was made or given in pursuance of the apportionment of a periodical payment not lawfully apportionable, if such apportionment would have been lawful had it been made after that date, and under the provisions of this Act. |