Section 59 — Landlord and Tenant Act 1987: Meaning of “lease”, “long lease” and related expressions.

Meaning of “lease”, “long lease” and related expressions. 59 l ln this Act “lease” and “tenancy” have the same meaning; and both expressions include—

a a sub-lease or sub-tenancy, and b an agreement for a lease or tenancy (or for a sub-lease or sub-tenancy).

2 The expressions “landlord” and “tenant”, and references to letting, to the grant of a lease or to covenants or the terms of a lease shall be construed accordingly.

3 In this Act “ long leas ” means—

a a lease granted for a term certain exceeding 21 years, whether or not it is (or may become) terminable before the end of that term by notice given by the tenant or by re-entry or forfeiture;

b a lease for a term fixed by law under a grant with a covenant or obligation for perpetual renewal, other than a lease by sub-demise from one which is not a long lease; or c a lease granted in pursuance of Part V of the Housing Act 1985 (the right to buy) , including a lease granted in pursuance of that Part as it has effect by virtue of section 17 of the Housing Act 1996 (the right to acquire) .