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RETAIL SHOP LEASES ACT 1994 - SECT 21D
Franchisor’s disclosure obligation to franchisee
(1) This section applies if— (a) a person (the
"franchisor" ) is the lessee of a retail shop; and
(b) the franchisor
proposes to grant a licence (the
"licence" ) to another person (the
"franchisee" ) to occupy and use, for the carrying on of a business, all or
part of the retail shop; and Note— If the franchisor proposes to grant a
sublease, see section 21C .
(c) the business mentioned in paragraph (b) is
to be carried on under a name or mark identifying, commonly associated with or
controlled by the franchisor or an entity connected with the franchisor.
(2)
For the purposes of complying with section 21B in relation to the licence, the
franchisor may request a disclosure statement (a
"head lessor disclosure statement" ) from the lessor.
(3) On request by the
franchisor under subsection (2) — (a) the lessor must, within 28 days of
receiving the request, give the franchisor a head lessor disclosure statement
that is updated to the date it is given; and
(b) the franchisor must pay the
lessor’s reasonable expenses incurred for preparation of the
head lessor disclosure statement.
(4) In applying section 21B in relation to
the licence— (a) a reference to a prospective lessee is taken to be a
reference to a franchisee; and
(b) a reference to a lessor is taken to be a
reference to a franchisor; and
(c) a reference to giving a disclosure
statement is taken to be a reference to giving both of the following
documents— (i) a head lessor disclosure statement that is updated to a date
no more than 2 months before the date the statement is given to the
franchisee;
(ii) a written statement detailing any matters of which the
franchisor is aware, or could reasonably be aware, that affect the information
in the head lessor disclosure statement.
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