104. Rights and liabilities under building lease.

On the completion of such part of the works as entitles the builder to call for a lease, his rights and liabilities become the same as if a lease had been granted. Consequently he ceases to hold on the terms of the building agreement and holds on the terms of the lease to which he becomes entitled1. If he is entitled to have separate leases granted of different plots as the houses on them are built, the same rule applies to each plot; and, on the completion or part completion of the house in accordance with the agreement, he