54Six-monthly advertising and promotion expenditure statement to be made available to lessees

#### 54 Six-monthly advertising and promotion expenditure statement to be made available to lessees 54 Six-monthly advertising and promotion expenditure statement to be made available to lessees > > (1) A retail shop lease is taken to include provision to the following effect— > > > > > (a) The lessor must make a written statement available for examination by a lessee detailing all expenditure relating exclusively to the building or centre in which the retail shop is located by the lessor on account of advertising and promotion costs to which the lessee is required to contribute under the lease. > > > > > (b) The lessor must make the statement available at least twice in each of the lessor’s accounting periods during the term of the lease (once in relation to expenditure during the first 6 months of each such accounting period and once in relation to expenditure during the second 6 months of each such accounting period). > > > > > (c) The statement must be made available within 1 month after the end of the 6 month period to which it relates. > > > (2) The details to be provided in a statement made available under this section in relation to an accounting period must also include— > > > > > (a) in respect of expenditure by the lessor on account of advertising and promotion costs of the lessor— > > > > > > > (i) a statement of the amount contributed by the lessor in respect of expenditure relating exclusively to the building or centre, and > > > > > > > (ii) a statement of the total of the amounts contributed by the lessees, and > > > > > (b) in respect of contributions by the lessor on account of advertising and promotion costs of the lessor relating exclusively to the building or centre and in respect of contributions by the lessees on account of advertising and promotion costs of the lessor— > > > > > > > (i) a statement of the total unspent amount carried forward to that period, and > > > > > > > (ii) a statement of the total unspent amount to be carried forward to the next period, and > > > > > (c) any other statements prescribed by the regulations. > > **s 54:** Am 2005 No 90, Sch 1 \[55\] \[56\].