19 Right of former tenant or his guarantor to overriding lease

Overriding leases

19  Right of former tenant or his guarantor to overriding lease

(1)     Where in respect of any tenancy (“the relevant tenancy”) any person (“the claimant”) makes full payment of an amount which he has been duly required to pay in accordance with section 17, together with any interest payable, he shall be entitled (subject to and in accordance with this section) to have the landlord under that tenancy grant him an overriding lease of the premises demised by the tenancy.

(2)     For the purposes of this section “overriding lease” means a tenancy of the reversion expectant on the relevant tenancy which—

(a)     is granted for a term equal to the remainder of the term of the relevant tenancy plus three days or the longest period (less than three days) that will not wholly displace the landlord's reversionary interest expectant on the relevant tenancy, as the case may require; and

(b)     (subject to subsections (3) and (4) and to any modifications agreed to by the claimant and the landlord) otherwise contains the same covenants as the relevant tenancy, as they have effect immediately before the grant of the lease.

(3)     An overriding lease shall not be required to reproduce

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