Retail Leases Regulations 2023

The Retail Leases Regulations 2023 complement the Retail Leases Act 2003 (the Act), and if you’re entering into a retail lease, you need to be aware of and understand these regulations.

Their main objectives are to:

provide the forms of disclosure statements (which a landlord must give their tenant) and how they’re to be used
set out a maximum occupancy cost (including rent, outgoings and other costs detailed in a lease) to exclude certain retail premises from being covered by the Act
set out a formula for charging the tenant outgoings that’s based on the size of the premises compared with other premises in the same structure.

More information

For more information, you can speak with a member of our team by calling 1800 878 964 or emailing us.