Proposed assignment of retail shop leases before commencement—assignor’s disclosure obligation to prospective assignee
141 Proposed assignment of retail shop leases before commencement—assignor’s disclosure obligation to prospective assignee
This section applies in relation to a proposed assignment of a retail shop lease if—
the disclosure period under former section 22B(1) for the proposed assignment of the lease ends before the commencement; and
the proposed assignment is entered into on or after the commencement.
On and after the commencement, the assignor and assignee are taken to have complied with new section 22B in relation to the proposed assignment.
In this section—
disclosure period, for an assignment of a retail shop lease, means the period ending 7 days before an assignor of a retail shop lease asks the lessor to consent to the assignment.
This Act’s bill:Explanatory memorandum
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