Northern Territory Consolidated Acts Northern Territory Consolidated Acts(1) For this Act, a retail shop lease is taken to have been entered into when a person:
(a) enters into possession of the retail shop as tenant under the lease; or
(b) begins to pay rent as tenant under the lease;
whichever happens first.
(2) Despite subsection (1), if both parties execute the retail shop lease before the tenant enters into possession under the lease or begins to pay rent under the lease, the lease is taken to have been entered into as soon as both parties have executed the lease.