LEASES (COMMERCIAL AND RETAIL) ACT 2001 - SECT 44 Repayment of bonds

LEASES (COMMERCIAL AND RETAIL) ACT 2001 - SECT 44

    (1)     This section applies if—

        (a)     the lessor has required a bond from the tenant; and

        (b)     the tenant has provided the bond; and

        (c)     the lease is not being extended under an option.

    (2)     The lessor must give the tenant the bond and the interest earned on it, less any amount deducted by the lessor in accordance with this Act, not later than 30 days after the later of the following:

        (a)     the end of the lease;

        (b)     the tenant vacating the premises.