B3.1120 Business premises renovation—meaning of 'lease' etcThe term 'lease' for the purposes of this Division includes an agreement for a lease, if the term to be covered by the lease has begun, and any tenancy. It does not include a mortgage1.In the application of the legislation to Scotland2: (a) 'leasehold interest' or 'leasehold estate' means the interest of a tenant in property subject to a lease; and (b) any reference to an interest which is reversionary on a leasehold interest or on a lease is to be read as a reference to
The term 'lease' for the purposes of this Division includes an agreement for a lease, if the term to be covered by the lease has begun, and any tenancy. It does not include a mortgage1.
In the application of the legislation to Scotland2:
(a) 'leasehold interest' or 'leasehold estate' means the interest of a tenant in property subject to a lease; and
(b) any reference to an interest which is reversionary on a leasehold interest or on a lease is to be read as a reference to
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