Copy of lease to be provided to prospective lessee
11 Copy of lease to be provided to prospective lessee
A person who, as a lessor, or acting on behalf of a lessor—
offers to enter into a retail shop lease; or
invites an offer to enter into a retail shop lease; or
indicates by advertisement by any means that a retail shop is for lease, must, as soon as the person enters into negotiations with a prospective lessee (and before a retail shop lease is entered into), provide the prospective lessee with a written copy of the proposed retail shop lease (but not necessarily including the particulars of the lessee, the rent or the term of the lease).
Maximum penalty: $8 000.
At the time a copy of the proposed retail shop lease is provided to the prospective lessee under subsection (1), the lessor, or a person acting on behalf of a lessor, must also provide the prospective lessee with a copy of the information brochure (if any) about retail shop leases published by the
Commission.
Maximum penalty: $800.
Expiation fee: $120.
This section does not apply to or in respect of the renewal of a retail shop lease.
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