s 25 Act not to extend to certain leaseholds
25.—(1) Nothing in this Act extends to any lease for a term not exceeding 7 years or any assignment thereof where accompanied by actual possession from the making of the lease or assignment. (2) For the purposes of determining whether or not an instrument may be registered under this Act —(a) the right or option to extend the term of a lease for any further period granted by the lessor to the lessee is deemed to be part of the term of years granted by the lease; and (b) no account is to be taken of the fact that the lease may be determined on the happening of an event during the duration of the lease.