Part 19Sale and lease-back etc

Chapter 2New lease of land after assignment or surrender

Interpretation

862Lease, lessee, lessor and rent

(1)

This section applies for the purposes of this Chapter.

(2)

“Lease” includes—

(a)

an agreement for a lease, and

(b)

any tenancy.

(3)

“Lease” does not include a mortgage.

(4)

A reference to a lessee or lessor—

(a)

is to be read in accordance with subsections (2) and (3), and

(b)

includes a reference to the successors in title of a lessee or lessor.

(5)

“Rent” includes a payment by a tenant for work to maintain or repair leased premises which the lease does not require the tenant to carry out; and “premises” here includes land.