Commentary on Sections Overview Overview Section 303: Rules for determining effective duration of lease
1236.This section contains the rules for determining the effective duration of a lease. It is based on section 38(1) and (6) of ICTA.
1237.Subsection (1) sets out various circumstances in which a lease may be treated as ceasing other than on the date specified in the lease. Rules 1, 2 and 3 in subsection (1) are based on section 38(1)(a), (1)(b) and (1)(c) of ICTA respectively.