sec.46Lessor’s notice about when option to renew or extend must be exercised

sec.46 Lessor’s notice about when option to renew or extend must be exercised

This section applies if a retail shop lease provides for an option on the lessee’s part to renew or extend the lease. At least 2 months, but not longer than 6 months, before the option date, the lessor must give the lessee written notice of the option date. In this section— option date , for a retail shop lease, means the date under the lease by which the lessee must exercise an option to renew or extend the lease. s 46 amd 2000 No. 19 ss 21 , 37 sub 2006 No. 4 s 28 amd 2016 No. 21 s 44 (sec.46-ssec.1) This section applies if a retail shop lease provides for an option on the lessee’s part to renew or extend the lease. (sec.46-ssec.2) At least 2 months, but not longer than 6 months, before the option date, the lessor must give the lessee written notice of the option date. (sec.46-ssec.3) In this section— option date , for a retail shop lease, means the date under the lease by which the lessee must exercise an option to renew or extend the lease.