OCBA - Disclosure

A lessor has to give a prospective lessee the following information in writing:

whether the lessor engages in the practice of casual mall licensing in the shopping centre to which the lease relates;

a plan showing the areas within the centre where casual mall licensing may operate;

whether the practice of casual mall licensing may result in the introduction of a competitor;

information about the process in place for advising lessees of any changes to policy and practices in relation to casual mall licensing and the designated sites or areas; and
a copy of the Code.

The lessor has to give the details referred to above to a prospective lessee before the formation of any lease, and at the same time as the disclosure statement required by the Retail and Commercial Leases Act 1995.

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