Title: What Happens When Strata Lease Ends?

What happen At The End of the term of a Strata Lot Lease?

At the end of a Strata Lot Lease, Leasehold Lord will do one of the followings:

1/  The Leasehold Landlord will purchase the Leasehold Tenant's interest in the strata lot.

2/  The Leasehold Landlord will renew the Strata Lot Lease.

3/  The Leasehold Landlord will sell the ownership of the Strata Lot to the Leasehold Tenant.