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Leases (Commercial and Retail) Act 2001
39Maximum level of bond
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39 Maximum level of bond
(1) The lessor must not require or accept as a bond an amount more than
rent payable under the lease for any 3 month period nominated by the
lessor.
(2) If the lessor requires payment of more than 3 months rent in advance,
any advance payment over 3 months rent is taken, for this section, to
be bond.