RETAIL SHOP LEASES ACT 1994 - SECT 46
Lessor’s notice about when option to renew or extend must be exercised
RETAIL SHOP LEASES ACT 1994 - SECT 46
Lessor’s notice about when option to renew or extend must be exercised
46 Lessor’s notice about when option to renew or extend must be exercised
(1) This section applies if a retail shop lease provides for an option on the
lessee’s part to renew or extend the lease.
(2) At least 2 months, but not
longer than 6 months, before the option date, the lessor must give the lessee
written notice of the option date.
(3) In this section—
"option date" , for a retail shop lease, means the date under the lease by
which the lessee must exercise an option to renew or extend the lease.
