RETAIL SHOP LEASES ACT 1994 - SECT 141
Proposed assignment of retail shop leases before commencement—assignor’s disclosure obligation to prospective assignee
RETAIL SHOP LEASES ACT 1994 - SECT 141
Proposed assignment of retail shop leases before commencement—assignor’s disclosure obligation to prospective assignee
141 Proposed assignment of retail shop leases before
commencement—assignor’s disclosure obligation to prospective assignee
(1) This section applies in relation to a proposed assignment of a
retail shop lease if—
(a) the disclosure period under former section 22B(1)
for the proposed assignment of the lease ends before the commencement; and
(b) the proposed assignment is entered into on or after the commencement.
(2)
On and after the commencement, the assignor and assignee are taken to have
complied with new section 22Bin relation to the proposed assignment.
(3) In
this section—
"disclosure period" , for an assignment of a retail shop lease, means the
period ending 7 days before an assignor of a retail shop lease asks the lessor
to consent to the assignment.
