sec.46FTerms and conditions of new lease

sec.46F Terms and conditions of new lease

Unless the lessor and lessee agree otherwise, the terms and conditions of the lease mentioned in section 46E (3) (the new lease ) are the same as the terms and conditions of the existing lease. However— the term of the new lease is taken to be the same as the remaining term of the existing lease; and the rent for the alternative retail shop is taken to be the same as the rent for the existing leased shop, adjusted to take into account the difference in the commercial values of the shops when the lessee’s business is relocated. This section and section 46G do not prevent the lessee from accepting other arrangements when the details of the relocation are negotiated. s 46F ins 2006 No. 4 s 29 (sec.46F-ssec.1) Unless the lessor and lessee agree otherwise, the terms and conditions of the lease mentioned in section 46E (3) (the new lease ) are the same as the terms and conditions of the existing lease. (sec.46F-ssec.2) However— the term of the new lease is taken to be the same as the remaining term of the existing lease; and the rent for the alternative retail shop is taken to be the same as the rent for the existing leased shop, adjusted to take into account the difference in the commercial values of the shops when the lessee’s business is relocated. This section and section 46G do not prevent the lessee from accepting other arrangements when the details of the relocation are negotiated.

• (a) the term of the new lease is taken to be the same as the remaining term of the existing lease; and
• (b) the rent for the alternative retail shop is taken to be the same as the rent for the existing leased shop, adjusted to take into account the difference in the commercial values of the shops when the lessee’s business is relocated.