sch.4-sec.7No holding over or other dealings

sch.4-sec.7 No holding over or other dealings

The sublessee of the sublease (the current sublease ) must not hold over, possess or occupy the sublease land after the expiry of the term of the sublease. However, the sublessee and sublessor may enter into a new sublease for the sublease land if— the current sublease contains a clause (the renewal clause ) that gives the sublessee the option to enter into a new sublease with the sublessor for the sublease land; and all requirements stated in the renewal clause are satisfied; and either— the sublessor applies, at least 3 months before the expiry of the current sublease, for an approval to sublease under section 332 of the Act (a subleasing approval ) and the Minister grants the approval under that section; or the Minister has issued the sublessor with a general authority to sublease under section 333 (1) (a) of the Act (a general subleasing authority ); and the relevant subleasing conditions have been complied with; and the term of the new sublease will expire not later than 1 day before the day the head lease expires. If the sublessee and sublessor enter, or purport to enter, into a new sublease other than under subsection (2) — the new sublease is of no force or effect; and the sublessee— may, if allowed under a term of the current sublease, remove any improvements as allowed under the current sublease after it expires; but otherwise has no right to possession, occupation or use of the sublease land after the current sublease expires. In this section— relevant subleasing conditions means— for a subleasing approval—any conditions, mentioned in section 332 (3) (b) (i) of the Act , on which the approval is given; or for a general subleasing authority— the requirements prescribed for the authority under section 74 ; and any conditions mentioned in section 333 (4) of the Act included in the authority. (sch.4-sec.7-ssec.1) The sublessee of the sublease (the current sublease ) must not hold over, possess or occupy the sublease land after the expiry of the term of the sublease. (sch.4-sec.7-ssec.2) However, the sublessee and sublessor may enter into a new sublease for the sublease land if— the current sublease contains a clause (the renewal clause ) that gives the sublessee the option to enter into a new sublease with the sublessor for the sublease land; and all requirements stated in the renewal clause are satisfied; and either— the sublessor applies, at least 3 months before the expiry of the current sublease, for an approval to sublease under section 332 of the Act (a subleasing approval ) and the Minister grants the approval under that section; or the Minister has issued the sublessor with a general authority to sublease under section 333 (1) (a) of the Act (a general subleasing authority ); and the relevant subleasing conditions have been complied with; and the term of the new sublease will expire not later than 1 day before the day the head lease expires. (sch.4-sec.7-ssec.3) If the sublessee and sublessor enter, or purport to enter, into a new sublease other than under subsection (2) — the new sublease is of no force or effect; and the sublessee— may, if allowed under a term of the current sublease, remove any improvements as allowed under the current sublease after it expires; but otherwise has no right to possession, occupation or use of the sublease land after the current sublease expires. (sch.4-sec.7-ssec.4) In this section— relevant subleasing conditions means— for a subleasing approval—any conditions, mentioned in section 332 (3) (b) (i) of the Act , on which the approval is given; or for a general subleasing authority— the requirements prescribed for the authority under section 74 ; and any conditions mentioned in section 333 (4) of the Act included in the authority.