LEASES (COMMERCIAL AND RETAIL) ACT 2001 - SECT 29 Notice—short minimum term

LEASES (COMMERCIAL AND RETAIL) ACT 2001 - SECT 29

The lessor must tell the tenant in writing as early as practicable in negotiations for a proposed lease that the lease cannot be extended under section 104 (Minimum 5 year lease) if—

        (a)     the proposed term of the lease is less than 5 years; and

        (b)     it would be inconsistent with the head lease under which the lessor holds the lease to extend the term.