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Renewed building leases.
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10.— Where—
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(a) a lease expired or was surrendered before the 31st day of March, 1931, and
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(b) such lease would have been a building lease or a proprietary lease if this Act had been then in force, and
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(c) a renewal of such lease or a new lease was granted to the person entitled to the lessee's interest thereunder,
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such renewed or new lease (in this Act referred to as a renewed building lease) shall be deemed to be a building lease.
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