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Leases (Commercial and Retail) Act 2001
37Compensation for negotiation misrepresentations
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37 Compensation for negotiation misrepresentations
(a) a party to negotiations for a lease (the representer) makes a
representation to another party to the negotiations (the injured
party) during the negotiations (including a representation made
in a disclosure statement) that the representer knows or should
reasonably know is false or misleading in a material particular;
and
(b) a lease is entered into because of the negotiations; and
(c) the injured party suffers damage because of the representation.
(2) In addition to any other right the injured party may have, the
representer is liable to pay reasonable compensation to the injured
party for damage suffered because of the representation.