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Retail Leases Act 2022
48Meaning of base rent
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48 Meaning of base rent
For the purposes of any provision of a retail lease that relates to the determination of rent or a component of rent by reference to the base rent, base rent means rent, or that component of rent, which comprises an amount of money that is specified in the retail lease, whether or not there is provision in the retail lease for the amount of base rent to change.