RETAIL LEASES ACT 1994 - SECT 16J
Excess not payable
RETAIL LEASES ACT 1994 - SECT 16J
Excess not payable
16J Excess not payable
(1) This section applies where, in respect of a
lease, the Secretary would, but for this section, be required to pay out an
amount of money and that amount of money is in excess of the amount of money
held on deposit by the Secretary in respect of the lease.
(2) The Secretary--
(a) must refuse to pay out the money, and
(b) must treat applications for
payment out of the money as having been withdrawn, and
(c) must inform the
applicants accordingly.
(3) This section has effect despite any other
provision of this Part.
