A special rule applies where successive leases are granted of the same or substantially the same premises as linked transactions (see ¶60-415 below), i.e. between the same parties or persons connected with them (see ¶50-305). The series of leases is treated as a single lease granted at the time of the first lease, for a term equal to the total terms under the leases and in consideration of the rents (sic) payable under all the leases (Sch. 17A, para. 5). This will have compliance implications along the lines of those noted at ¶60-310.

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