17FLeases may contain options for renewal and overholding clauses

17F Leases may contain options for renewal and overholding clauses (1) Without limiting any other provision of this Act, a lease or a tenancy agreement under this Act may contain— (a) options for the lessee or tenant to renew the lease or tenancy agreement for a further term or terms; and (b) provision for a lessee or tenant to remain in occupation of the land under the same terms and conditions as existed under the lease or tenancy agreement, at the discretion of the lessor, for a period not exceeding 3 months from the expiry of the lease or tenancy agreement. (2) If a lease or tenancy agreement contains options for renewal by the lessee or tenant, the aggregate of the original term and the further term or terms must not exceed the maximum term for which, apart from this section, the lease or tenancy agreement may be granted. S. 17G inserted by No. 40/2009 s. 14.