Australian Capital Territory Current Acts

LEASES (COMMERCIAL AND RETAIL) ACT 2001 - SECT 92

Section 88 (Notice of lessor's intentions regarding repair), section 89 (Termination by lessor because of damage) and section 91 do not prevent the parties to a lease terminating the lease by agreement if—

        (a)     the premises are, or a building containing the premises is, damaged or destroyed; and

        (b)     the agreement is reached after the premises or building are damaged or destroyed.