New South Wales Consolidated Acts

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RETAIL LEASES ACT 1994 - SECT 27

Outgoings estimates

27 Outgoings estimates

A retail shop lease is taken to include provision to the following effect--

(a) the lessor must give the lessee a written estimate of the outgoings to which the lessee contributes under the lease, itemising those outgoings under the item descriptions used in the list of outgoings in the form of lessor's disclosure statement that is the prescribed form for the purposes of section 11,
(b) the estimate of outgoings must be given to the lessee in respect of each accounting period of the lessor during the term of the lease and must be given before the lease is entered into and thereafter during the term of the lease at least 1 month before the commencement of the accounting period concerned,
(c) if the shop is in a retail shopping centre, the estimate of outgoings is to include--
(i) a statement of management fees, broken down into the fees to be paid by the lessee towards the administration costs of running the centre and other fees paid to the management company, and
(ii) a statement of cleaning costs to be paid by the lessee, broken down into the costs of consumables and other costs, and
(iii) any other particulars prescribed by the regulations.



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