674. Nature of statutory tenancy; in general.

A statutory tenant has no estate or property as tenant, but merely a personal right to retain possession of the property1 which has been described as a status of irremovability2. It follows that:

  1.  

    (1)     a limited company, not being capable of personal residence, cannot be a statutory tenant3, although it may enjoy the benefit of the financial provisions of the Rent Acts during the contractual term as a protected tenant4;

  2.  

    (2)     a statutory tenant has no interest to assign5 or to transmit by will6 or to his trustee in bankruptcy7;

  3.  

    (3)     a purported subletting of the whole of the