Jurist had a warehouse which he leased to Lex at P60,000.00 a year for a term of ten (10) years. On the fourth year of the lease, the warehouse was completely destroyed by fire. Forthwith, Jurist erected a new warehouse which was exactly the same as the old one. Considering that the stipulated ten-year lease has not yet expired, can Lex legally claim possession of the new warehouse on the theory of substitution?

Explain your answer with legal basis in A.L.A.C. method.