Australian Capital Territory Current Acts

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Termination of fixed term agreements if premises for sale

    (1)     This section applies in relation to a tenant of premises that are the subject of a fixed term agreement, if the lessor offers the premises for sale and—

        (a)     the sale offer is made within 6 months after the start of the agreement and the lessor did not disclose the intended sale before entering into the agreement; or

        (b)     the lessor requires the tenant to permit access to the premises to allow inspections by a prospective buyer (a buyer inspection request ) and—

              (i)     the lessor makes more than 1 buyer inspection request; and

              (ii)     a subsequent buyer inspection request is made more than 8 weeks after the day the lessor made the first buyer inspection request.

    (2)     The tenant may, by written notice to the lessor, terminate the agreement.

    (3)     The tenant must give the lessor at least 14 days notice of the termination.

    (4)     The tenancy ends on the date stated in the notice.

Note     The tenant is not liable to pay compensation for the early termination of the agreement (see s 84 (5)).

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