Regulation 5 Meaning of “Lease”I1

For the purposes of Article 38 of the 2005 Order—

• “lease” includes a tenancy, sub-lease or sub-tenancy and an agreement for a lease, tenancy, sub-lease or sub-tenancy;

• “sub-lease” means any sub-term created out of, or deriving from, a leasehold interest; and

• “sub-tenancy” means any tenancy created out of, or deriving from, a superior tenancy.