lease

for the purposes of section 5(1)(a), means a lease which—

a)was entered into for a period of not less than 10 years;
b)was entered into for the natural life of the lessee or of any other person mentioned in the lease; or
c)is renewable at the will of the lessee indefinitely or for periods which, together with the first period, amount in all to not less than 10 years;