1016. Meaning of 'long tenancy'; tenancies granted in continuation of long tenancies.

'Long tenancy' means a tenancy1 granted for a term of years certain exceeding 21 years, whether or not subsequently extended by act of the parties or by any enactment, but excluding any tenancy which is, or may become, terminable before the end of the term by notice given to the tenant2.

Where, on the coming to the end of a tenancy at a low rent3, the person who was the tenant immediately before the coming to an end of that tenancy becomes, whether by grant or by implication of the law, the tenant under another tenancy at a low rent