142Right to exercise option in lease if in lawful possession

142 Right to exercise option in lease if in lawful possession (1) On the commencement of this Act, if after the term of a lease has determined the lessee continues in possession of the leased premises with the consent of the lessor, the lessee has a right to exercise any option contained in the lease for as long as the lessee's holding over of the premises is lawful. (2) In subsection (1), option means an option to purchase the reversion expectant on the lease or to require the lessor to grant a renewal or extension of the lease or to grant a further lease of the leased premises or part of the leased premises. (3) This section applies subject to: (a) section 143; and (b) the appearance of a contrary intention in a lease. Law of Property Act 2000 96