150 Surrender of a lease, without prejudice to underleases with a view to the grant of a new lease
Law of Property Act 1925 (1925 c 20) | Legislation

150  Surrender of a lease, without prejudice to underleases with a view to the grant of a new lease

(1)     A lease may be surrendered with a view to the acceptance of a new lease in place thereof, without a surrender of any under-lease derived thereout.

(2)     A new lease may be granted and accepted, in place of any lease so surrendered, without any such surrender of an under-lease as aforesaid, and the new lease operates as if all under-leases derived out of the surrendered lease had been surrendered before the surrender

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