Queensland Consolidated Acts

RETAIL SHOP LEASES ACT 1994 - SECT 25

25 Requirements if rent a percentage of turnover

(1) This section applies if, under a retail shop lease, the rent is or may be calculated either in whole or part as a percentage of the turnover of the lessee’s business carried on, or to be carried on, in or from the leased shop.

(2) The lease must specify the formula to be used to calculate the rent.