46
In forceRent adjustment for change of area of lease or licence
Part 4Rents and instalments
Division 4Amount of rent payable
Subdivision 4Adjusting amount of rent payable
46 Rent adjustment for change of area of lease or licence
(1)
This section applies if a designated set rent has been set for a lease or licence, and the area of land subject to the lease or licence is changed.
(2)
The amount of the rent payable for the lease or licence must be adjusted—
(a)
in accordance with the offer, or the conditions of approval, for the lease or licence; or
(b)
if a rent adjustment was not stated in the offer or approval—proportionately.
Research tools for this sectionSubscription
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.