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Section 140 Interpretation of sections 138 and 139.

For the purposes of sections 138 and 139—

  • “lease” includes—

(a)

an original or derivative under-lease;

(b)

an agreement for a lease where the lessee has become entitled to have his lease granted; and

(c)

a grant at a fee farm rent, or under a grant securing a rent by condition;

  • “lessee” includes—

(a)

an original or derivative under-lessee;

(b)

the persons deriving title under a lessee;

(c)

a grantee under a grant at a fee farm rent, or under a grant securing a rent by condition; and

(d)

the persons deriving title under such a grantee;

  • “lessor” includes—

(a)

an original or derivative under-lessor;

(b)

the persons deriving title under a lessor;

(c)

a person making a grant at a fee farm rent, or a grant securing a rent by condition; and

(d)

the persons deriving title under such a grantor;

  • “under-lease” includes an agreement for an under-lease where the under-lessee has become entitled to have his under-lease granted; and

  • “under-lessee” includes any person deriving title under an under-lesse.