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RETAIL SHOP LEASES ACT 1994 - SECT 46AA
Renewing lease if no option or other agreement
46AA Renewing lease if no option or other agreement
(1) This section applies if a retail shop lease— (a) does not provide for an
option on the lessee’s part to renew or extend the lease; and
(b) is not
the subject of an agreement for its renewal or extension.
(2) The lessor
must, by written notice given to the lessee within the notice period— (a)
offer the lessee a renewal or extension of the lease on terms, including terms
about rent, stated in the notice; or
(b) tell the lessee that the lessor does
not intend to offer the lessee a renewal or extension of the lease.
(3) An
offer made under subsection (2) (a) can not be revoked— (a) until 1 month
after it is made; or
(b) if the lessee accepts the offer within 1 month after
it is made.
(4) If the lessor does not comply with subsection (2) , the term
of the lease is extended until 6 months after the lessor gives the notice (the
"extended period" ).
(4A) However, subsection (4) applies only if the lessee,
by written notice given to the lessor before the lease would otherwise expire,
asks for the extension.
(5) The lessee may terminate the lease before the
extended period ends by giving at least 1 month’s written notice of
termination to the lessor.
(6) In this section—
"notice period" means the period that is— (a) for a lease of not more than 1
year—at least 3 months, but not longer than 6 months, before the lease is to
end; or
(b) for a lease of more than 1 year—at least 6 months, but not
longer than 1 year, before the lease is to end.
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