(1) Unless the lessor and lessee agree otherwise, the terms and conditions of
the lease mentioned in section 46E(3) (the
"new lease" ) are the same as the terms and conditions of the existing lease.
(2) However—
(a) the term of the new lease is taken to be the same as the
remaining term of the existing lease; and
(b) the rent for the alternative
retail shop is taken to be the same as the rent for the existing leased shop,
adjusted to take into account the difference in the commercial values of the
shops when the lessee’s business is relocated.
Note—
This section and
section 46Gdo not prevent the lessee from accepting other arrangements when
the details of the relocation are negotiated.
