RETAIL AND COMMERCIAL LEASES ACT 1995 - SECT 56

RETAIL AND COMMERCIAL LEASES ACT 1995 - SECT 56

56—Unexpended advertising and promotion contributions to be carried forward

A retail shop lease is taken to include provision that an amount contributed by a lessee in the shopping centre under a retail shop lease for advertising or promotion costs of the lessor and which is not spent for the purpose for which it was contributed must be carried forward by the lessor, to be applied towards future expenditure on advertising or promotion of the centre.