Retail Shop Leases Act 1994
sec.25Requirements if rent a percentage of turnover
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sec.25 Requirements if rent a percentage of turnover
This section applies if, under a retail shop lease, the rent is or may be calculated either in whole or part as a percentage of the turnover of the lessee’s business carried on, or to be carried on, in or from the leased shop. The lease must specify the formula to be used to calculate the rent. s 25 amd 2006 No. 4 s 3 sch ; 2016 No. 21 s 22 (sec.25-ssec.1) This section applies if, under a retail shop lease, the rent is or may be calculated either in whole or part as a percentage of the turnover of the lessee’s business carried on, or to be carried on, in or from the leased shop. (sec.25-ssec.2) The lease must specify the formula to be used to calculate the rent.