Australian Capital Territory Consolidated Acts

LEASES (COMMERCIAL AND RETAIL) ACT 2001 - SECT 45

    (1)     This section applies if—

        (a)     the lessor has required a guarantee to secure the tenant's obligations under the lease; and

        (b)     the guarantee is not part of the lease; and

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

        (d)     the tenant has performed the obligations secured by the guarantee.

    (2)     The lessor must return the guarantee document to the tenant not later than 30 days after the later of the following:

        (a)     the end of the lease;

        (b)     the tenant vacating the premises.