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Leases (Commercial and Retail) Act 2001
62Adjustments to turnover rent
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62 Adjustments to turnover rent
(1) A lease that provides for the payment of turnover rent must include a
provision to the effect that, within 1 month after receiving a written
request by the lessor or tenant for an adjustment, an underpayment or
overpayment of turnover rent resulting from actual turnover differing
from estimated turnover must be adjusted by the other party.
(2) If a party makes a request under subsection (1), the party must provide
the party to whom the request was made with any information
reasonably required to make the adjustment.