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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.