Acts Online
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lease

for the purposes of section 5(1)(a), means a lease which—

a) was entered into for a period of not less than 10 years;
b) was entered into for the natural life of the lessee or of any other person mentioned in the lease; or
c) is renewable at the will of the lessee indefinitely or for periods which, together with the first period, amount in all to not less than 10 years;