Leases (Commercial and Retail) Act 2001

This section applies to proposed leases and options to extend a lease.

The lessor must give the tenant a disclosure statement for the proposed lease at least 14 days before the lease is entered into.

For how documents may be given, see the Legislation Act, pt 19.5.

If the lease contains an option to extend the lease, the tenant may, not earlier than 3 months before the tenant may exercise the option, require the lessor to give the tenant a disclosure statement.

If the tenant requires the lessor to give the tenant a disclosure statement under subsection (3), the lessor must give the statement to the tenant within 14 days.

The time limits mentioned in this section do not apply, or apply as varied, if the tenant provides the lessor with a certificate signed by a lawyer stating that the tenant is aware of the time limits under this section and has chosen to waive the time limits, or to vary them as set out in the certificate.

Subsection (5) does not allow a tenant to require more notice from a lessor than would otherwise be required under this section.