16 Power to occupying lessee to exclude operation of s. 15.S
(1)Where the occupying lessee under any lease or sub-lease gives to the person holding the interest of landlord under such lease or sub-lease, not later than forty days before the ish, notice in writing that he does not desire that the lease or sub-lease, as the case may be, shall be continued under the last foregoing section, that section shall not have effect regarding the lease or sub-lease.
(2)Where any lease or sub-lease has been continued under the last foregoing section and the occupying lessee gives to the person holding the interest of landlord under such lease or sub-lease notice in writing that he desires that the said section shall no longer apply to the lease or sub-lease, as the case may be, the lease or sub-lease shall come to an end on such date, not earlier than forty days after the date of the said notice, as may be specified therein.