LEASES (COMMERCIAL AND RETAIL) ACT 2001 - SECT 116 Tenant's right to terminate extended lease
LEASES (COMMERCIAL AND RETAIL) ACT 2001 - SECT 116
Tenant's right to terminate extended lease(1) If a lease is extended because of section 107, the tenant may terminate the lease by giving the lessor at least 1 month's written notice of termination at any time after the day the lease would have expired if it had not been extended.
Note For how documents may be given, see the Legislation Act
, pt 19.5.
(2) Subsection (1) does not prevent a tenant from terminating a lease by giving less than 1 month's written notice of termination if the lessor agrees to accept less notice.