RETAIL SHOP LEASES ACT 1994 - SECT 46 46 Lessor's notice about when option to renew or extend must be exercised

Queensland Consolidated Acts

46 Lessor's notice about when option to renew or extend must be exercised

(1) This section applies if a retail shop lease provides for an option on the lessee's part to renew or extend the lease.

(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.

Maximum penalty—40 penalty units.

(3) In this section—

option date means the date stated in the lease as the date by which the lessee, if the lessee intends to exercise the option, must exercise it.