Victorian Numbered Acts

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RETAIL LEASES AMENDMENT ACT 2020 (NO. 26 OF 2020) - SECT 1

Purposes

The purposes of this Act are—

        (a)     to amend the Building Act 1993 to clarify the obligations of landlords and tenants under retail premises leases in respect of essential safety measures; and

        (b)     to amend the Retail Leases Act 2003

              (i)     to clarify the obligations of landlords and tenants under retail premises leases in respect of essential safety measures; and

              (ii)     to require landlords to give information to tenants under retail premises leases in a more timely manner; and

              (iii)     to clarify the timeframe within which landlords must return security deposits to tenants under retail premises leases; and

              (iv)     to create a new early rent review process for tenants under retail premises leases; and

              (v)     to establish a cooling off period for the renewal of retail premises leases in certain circumstances.



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