Leases (Commercial and Retail) Act 2001

A lease that provides for payment of outgoings by the tenant must include a provision requiring the lessor—

to give the tenant a written estimate (an estimate) of the outgoings the tenant is required to contribute to under the lease at least 1 month before the start of each accounting period of the lessor during the term of the lease; and

to make a written expenditure statement (a statement) available for examination by the tenant within 1 month after the end of the accounting period it relates to.

The estimate must itemise the outgoings using the same item descriptions used in the list of outgoings in the disclosure statement.

The statement must contain details of expenditure by the lessor for outgoings to which the tenant contributes and must itemise the outgoings using the same item descriptions used in the list of outgoings in the disclosure statement.