DISCLOSURE STATEMENT – ASSIGNED LEASE WHERE ONGOING BUSINESS
Regulation 12(2)
By the tenant under Section 61(5A) of the Retail Leases Act 2003
NOTE
This statement is to be completed by the Tenant if a lease assignment referred to in Section 61(5A) of the Retail Leases Act 2003 is proposed. The statement should be provided to the Landlord and the Proposed assignee.
Before the Tenant requests the Landlord’s consent to the assignment, the Tenant must give the Proposed assignee a copy of the Landlord’s disclosure statement and details of changes that have affected the information in that statement since it was given to the Tenant (see Section 61(3) of the Retail Leases Act 2003).
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 Proposed assignee to obtain independent legal and financial advice before taking an assignment of a retail premises lease.
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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