Retail Shop Leases Bill 1994 (Qld)

Queensland

RETAIL SHOP LEASES BILL Queensland

hah

ered

RETAIL SHOP LEASES BILL 1994

TABLE OF PROVISIONS

Section

PART 1—PRELIMINARY 1 Short title 2.2... eee eee 2 Commencement ......... 0.0000.

PART 2—OBJECT OF ACT AND ITS ACHIEVEMENT

3 Object of Act 2.6... ence n ees 4 How object of Act to be achieved ............0......0 0000s

PART 3—INTERPRETATION

Division 1—Standard definitions

5 Definitions 2.6... 6... cece eete teen ees Division 2—Extended definitions

6 Meaning of "common areas" .......... 6.0 e cece eee eee eee

7 Meaning of "outgoings" ........ 0... cece eee eee eee ees

8 Meaning of "retail shopping centre" ............. 000s cee

9 Meaning of "turnover" ...... 0... ete tenes

PART 4—OPERATION OF ACT AND FORMER ACT

10 Act binds all persons... 2.6.6... cece eee eee eee 11 Application of Act—when lease entered into.............0.....00. 12 Application of Act—where lease entered into .....................

13 Application of Act to leases—general..... 2.0.0.6... e cece eee eee

14 Continued application of certain provisions of former Act to

existing retail shop leases... 2.2.0... 02 eee ee

15 Application of Act—if premises become or cease to be retail

shop after commencement of lease ........... 0.0. .0000200..000000. 16 Application of Act to existing leases in exempt enterprises ..........

17 Application of Act to leases of service stations ....................

Retail Shop Leases 18 Act's provisions implied in leases ........... 0.000 e cece eee eee 20 19 Contracting out of Act prohibited... 20.0.0... 0.0... cece eee eee ee eee 20 20 Act prevails over inconsistent leases .... 2.6.0... e cece eee eee 21 PART 5—PRELIMINARY DISCLOSURES ABOUT LEASES 21 Application of Part... 2.0.0... eee eee 21 22 Lessor to give lease and disclosure statement to prospective lessee ..... 21 23 Lessor to give lessee certified copy of lease...... 2.0.0.6... eee eee 22 PART 6—MINIMUM LEASE STANDARDS Division 1—Preliminary 24 Lessee's obligations to pay rent and outgoings ..............2...02.0. 22 Division 2—Turnover rent 25 Requirements if rent a percentage of turnover ...............----005 23 Division 3—Confidentiality of turnover information 26 Lessor not to disclose turnover information .................00000000e 23 Division 4—Rent review 27 Rent may be reviewed on only | basis ............. 0000 c cece eee eee 25 28 Rent review on basis of current market rent ................002- 0000 26 29 Matters to be considered by specialist retail valuers.................. 26 30 Valuer may require information from lessor .............00000 eee eee 27 31 Requirements of determination ......... 0.0.00 c cece cece eee eee eee 27 32 Valuer to give determination to lessor and lessee .............-...4.. 27 33 Effect of determination .......... 0.060. c cece eee eee ees 28 34 Parties to share cost of determination ................0 00 cece eeees 28 35 Confidentiality of lease information. ..............0 0000 e cece eee eens 28 36 Certain rent review provisions of leases void ..............00002 0000s 28 Division 5—Lessor's outgoings and other payments 37 Requirements when lessee to pay lessor's outgoings ................-. 29 38 Lessee's liability to pay proportion of lessor's apportionable outgoings... 31 39 Payment of key money and amount for goodwill prohibited ............ 31 Division 6—Other payments for retail shops in retail shopping centres 40 Sinking fund for major maintenance and repairs ................000005 32 41 Promotion and advertising ..... 6.0.0... c cece eee tect e eee 33 Retail Shop Leases 4346 4850 5256586062 64 Division 7—Implied provisions for compensation