SCHEDULES
SCHEDULE 2TENANCIES WHICH ARE NOT SECURE TENANCIES
Long leases
1.
[F1
(1)]
A tenancy is not a secure tenancy if—
(a)
it is a tenancy 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; or
(b)
it is a tenancy created by an equity-sharing lease within the meaning of Article 31 (6) of the principal Order.
F2F1(2)
For the purposes of this paragraph a tenancy granted in pursuance of Chapter 1 of Part II of this Order is a long lease notwithstanding that it is granted for a term not exceeding 21 years.