RETAIL AND COMMERCIAL LEASES ACT 1995 - SECT 31

RETAIL AND COMMERCIAL LEASES ACT 1995 - SECT 31

31—Estimates and explanations of outgoings to be provided by lessor

        (1)         A retail shop lease is taken to include provision to the following effect:

            (a)         the lessor must give the lessee a written estimate of the outgoings to which the lessee contributes under the lease, itemising those outgoings under the item descriptions used in the list of outgoings in the form of disclosure statement set out in the Schedule;

            (b)         the estimate of outgoings must be given to the lessee in respect of each accounting period of the lessor during the term of the lease and must be given before the lease is entered into and thereafter during the term of the lease at least one month before the commencement of the accounting period concerned.

        (2)         A retail shop lease is taken to include provision requiring the lessor, at the request of a lessee, to give the lessee information and explanations that the lessee may reasonably require about expenditure on outgoings to which the lessee is required to contribute and the basis on which the lessee's contribution to the outgoings is determined.