1331. Meaning of 'long lease' for the purposes of the right to collective enfranchisement.

'Long lease' means one of the following1:

  1.  

    (1)     a lease2 granted for a term of years certain exceeding 21 years, whether or not it is, or may become, terminable before the end of that term by notice given by or to the tenant3 or by re-entry, forfeiture or otherwise;

  2.  

    (2)     a lease for a term fixed by law under a grant with a covenant or obligation for perpetual renewal4 (other than a lease by sub-demise from one which is not a long lease), or a lease terminable after a death or marriage or the formation of a civil partnership5;