The new tenancy1 must be2 a tenancy on the same terms as the existing tenancy as those terms apply at the relevant time3, but with such modifications as may be required or appropriate to take account of:
(1) the omission from the new tenancy of property comprised in the existing tenancy; or
(2) alterations made to the property demised since the grant of the existing tenancy; or
(3) in a case where the existing tenancy derives4 from more than one separate tenancies, their combined effect and the differences, if any, in their terms5.
Provision must also be made6 by the
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