Renewable Tenancy definition
Renewable Tenancy means any tenancy created by or arising out of any of the Letting Arrangements (including any tenancy created by or arising out of any underlease granted by the Tenant under any of the Letting Arrangements or any person deriving title thereunder whether immediate or derivative) to which sections 24 to 28 of the LTA 1954 apply where the contractual term has expired or will expire not later than 12 months after Completion and where the tenant or undertenant may be entitled to the grant of a new tenancy pursuant to the LTA 1954 by the Seller or the Seller's successors in title;