61Key-money for renewal or extension prohibited

61 Key-money for renewal or extension prohibited accept key-money in connection with the renewal or extension of a retail shop lease. renewal or extension of the lease.

Business Tenancies (Fair Dealings) Act 2003 46 (3) If a person contravenes subsection (1), the tenant is entitled to recover from the landlord as a debt: (a) a payment made; or (b) the value of a benefit conferred by the tenant and accepted; by or on behalf of the landlord in contravention of this section, whether or not the person is found guilty of an offence against that subsection. (4) This section does not prevent a landlord from: (a) requiring payment by the tenant of a reasonable sum in respect of legal or other expenses incurred in connection with the renewal or extension of the lease; or (c) securing performance of the tenant's obligations under the renewed or extended lease by requiring the provision of a bond or security deposit or a guarantee from the tenant or another person; or (d) seeking and accepting payment for the grant of a franchise in connection with the renewal or extension of the lease.