135. Conditions of option.

As the exercise of the option by the tenant nullifies the covenant to pay rent during the residue of the term, and may relieve him from liability under repairing covenants1, the requirements of the proviso conferring the option must be strictly observed2; but this is subject to the general rule now applicable to the validity of notices served by a landlord or tenant3, so that a notice exercising the option will be valid provided that, when it is construed objectively in its context, it would unambiguously inform a reasonable recipient how and when it is to operate4. If the