RETAIL LEASES ACT 1994 - SECT 56 Unexpended advertising and promotion contributions to be carried forward

RETAIL LEASES ACT 1994 - SECT 56

56 Unexpended advertising and promotion contributions to be carried forward

A retail shop lease is taken to include provision that any amount contributed by a lessee in the shopping centre under a retail shop lease in respect of advertising or promotion costs of the lessor and which is not spent for the purpose for which it was contributed must be carried forward by the lessor, to be applied towards future expenditure on advertising or promotion of the centre.