133CDefinitions

#### 133C Definitions 133C Definitions > In this Division— > > > (a) a reference to an option contained in a lease is a reference to a right on the part of the lessee to require the lessor— > > > > > (i) to sell, or offer to sell, to the lessee the reversion expectant on the lease, or > > > > > (ii) to grant, or offer to grant, to the lessee a renewal or extension of the lease, or a further lease, of the demised premises or a part thereof, > > > > whether the right is conferred by the lease or by an agreement collateral to the lease, and > > > (b) a reference to a breach by a lessee of the lessee’s obligations under a lease containing an option is a reference to a breach of those obligations by an act done or omitted to be done before or after the commencement of the [Conveyancing (Amendment) Act 1972](/view/pdf/asmade/act-1972-17), in so far as the act or omission would constitute a breach of those obligations if there were no option contained in the lease. > > **s 133C:** Ins 1972 No 17, sec 9 (e).