Part 12ASale and lease-back etc

F1Chapter 2New lease of land after assignment or surrender

New lease treated as ending

681BGPosition where lease may be ended

(1)

This section applies if under the new lease the lessor, or L or a person linked to L, has power to end the lease before the end of the term for which it was granted.

(2)

The term of the lease must be treated as ending on the earliest date with effect from which the lessor, or L or a person linked to L, could end the lease by exercising the power.