Section 224
Calculation of terms of leases and tenancies
of National Land Code (Revised - 2020)
In determining for the purposes of this Chapter whether any term for which land is granted exceeds any specified number of years—
(a)
if the term is from week to week, month to month, year to year, or on any other periodic basis, it shall be treated as a term for a period equal to its minimum possible duration; and 253
National Land Code 383
Provisions of the
National Land Code
Modification
Subsection 223(3)
In its application to the Federal Territory of Labuan, delete this subsection.
Act 828
(b)
if the term is for a fixed period, no account shall be taken of the fact that it is capable of renewal in pursuance of an option, or is liable to be determined before the expiry of that period by the giving of notice or the happening of any other event.