Agreement to terminate

Current

Section 88 (Notice of lessor’s intentions regarding repair), section 89 (Termination by lessor because of damage) and section 91 do not prevent the parties to a lease terminating the lease by agreement if—

(a)

the premises are, or a building containing the premises is, damaged or destroyed; and

(b)

the agreement is reached after the premises or building are damaged or destroyed.

This Act’s bill:Explanatory statement Second reading speech

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92 Agreement to terminate