sec.137Decision to renew lease

sec.137 Decision to renew lease

If the lessor decides to renew the home ownership lease, the lessor must give the lessee— notice of the decision; and a copy of the renewed lease. The renewed lease— has effect immediately after the lease it replaces (the replaced lease ) ends; and is subject to all the conditions to which the replaced lease was subject immediately before it ended. No amount is payable under section 126 (1) (b) for the renewed lease. s 137 ins 2011 No. 26 s 61 sub 2014 No. 45 s 12 (sec.137-ssec.1) If the lessor decides to renew the home ownership lease, the lessor must give the lessee— notice of the decision; and a copy of the renewed lease. (sec.137-ssec.2) The renewed lease— has effect immediately after the lease it replaces (the replaced lease ) ends; and is subject to all the conditions to which the replaced lease was subject immediately before it ended. (sec.137-ssec.3) No amount is payable under section 126 (1) (b) for the renewed lease.

• (a) notice of the decision; and
• (b) a copy of the renewed lease.
• (a) has effect immediately after the lease it replaces (the replaced lease ) ends; and
• (b) is subject to all the conditions to which the replaced lease was subject immediately before it ended.