Queensland Consolidated Acts
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RETAIL SHOP LEASES ACT 1994 - SECT 21B
Lessor’s disclosure obligation to prospective lessee
21B Lessor’s disclosure obligation to prospective lessee
(1) At least 7 days before a prospective lessee of a retail shop enters into a
retail shop lease (the
"prescribed disclosure date" ), the lessor must give the prospective lessee—
(a) a draft of the lease; and
(b) a disclosure statement.
(2) However, for
the purposes of complying with subsection (1) in relation to a disclosure
statement, it is sufficient if, after the prescribed disclosure date but
before the prospective lessee enters into the lease—
(a) the lessor gives
the prospective lessee the disclosure statement; and
(b) the prospective
lessee gives the lessor—
(i) a waiver notice; and
(ii) unless the
prospective lessee is a major lessee—a legal advice report for the lease
under section 22D which states the lawyer has given the prospective lessee
advice about the legal meaning and effect of the waiver.
(3) Also, this
section does not apply to a renewal of a retail shop lease under an option.
(4) In this section—
"waiver notice" , for a prospective retail shop lease, means a written notice
signed by the prospective lessee stating that the prospective lessee agrees to
waive the lessor’s obligation to give a disclosure statement for the lease
by the prescribed disclosure date.
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