LANDLORD’S DISCLOSURE STATEMENT ON RENEWAL OF LEASE
Regulation 8
By the Landlord under Section 26(1) of the Retail Leases Act 2003
This statement is to be completed by the Landlord for renewed leases under Section 26(1) of the Retail Leases Act 2003.
If the Tenant has exercised or is entitled to exercise an option to renew a retail premises lease, the Landlord is required to provide this statement to the Tenant at least 21 days before the end of the current term.
In the situation where all of the parties to a retail premises lease enter into an agreement to renew the lease, the Landlord is required to provide this statement to the Tenant at least 14 days after the entering into of the agreement.
The layout of this statement does not need to be the same as the prescribed disclosure statement in the Retail Leases Regulations 20213.
It is recommended that prudent for a Tenant to obtain independent legal and financial advice before entering into a retail premises lease.
The Tenant has remedies including termination of a lease under the Retail Leases Act 2003 if information in this statement is misleading, false or materially incomplete.
Information contained in this statement is correct as at the date of this statement but may change after the date of this statement and during the term of the lease.
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