Apportionment Act 1870
| Jurisdiction | UK Non-devolved |
| Citation | 1870 c. 35 |
Apportionment Act, 1870
(33 & 34 Vict.) CHAP. 35.
An Act for the better Apportionment of Rents and other periodical Payments.
[1st August 1870]
W HEREAS 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 in the eleventh year of the reign of His late Majesty King George the Second (chapter nineteen), and in the session of Parliament holden in the fourth and fifth years of His late Majesty King William the Fourth (chapter twenty-two), and in the session of Parliament held in the sixth and seventh years of His late Majesty King William the Fourth (chapter seventy-one), and in the session of Parliament held in the fourteenth and fifteenth years of Her present Majesty (chapter twenty-five), and in the session of Parliament held in the twenty-third and twenty-fourth years of Her present Majesty (chapter one hundred and fifty-four):
And whereas it is expedient to make provision for the remedy of all such mischiefs and inconveniences:
Be it therefore enacted by the Queen's most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows:
1 Short title.
This Act may be cited for all purposes as ‘The Apportionment Act, 1870.’
2 Rents, &c. to accrue from day to day and be apportionable in respect of time.
From and after the passing of this Act all rents, annuities, dividends, and other periodical payments 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.
3 Apportioned part of rent, &c. to be payable when the next entire portion shall have become due.
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...
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