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Business Tenancies (Fair Dealings) Act 2003
122Interpretation
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122 Interpretation
rent means the amount of money payable under a business lease
for the right to occupy or use business premises, or business
premises and goods, for a period of time and includes any rates or
taxes payable by the tenant but, where in the business lease:
(a) it is provided that a reduced amount may be accepted by the
landlord as rent upon the performance of a condition by the
tenant; or
(b) provision is made for a rebate, discount, allowance or other
reduction of rent;
the amount payable after such reduction is made is, for this Part,
taken to be the rent payable under the lease.
tenant includes a person who remains in possession of business
premises after determination of a lease of those premises to him or
her and the word "landlord" is used correlatively.