Apportionment Act |
(CHAPTER 8) |
(Original Enactment: Ordinance 25 of 1928)
REVISED EDITION 1998 |
(15th December 1998) |
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 —
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Remedies for recovering apportioned parts |
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. |