THE EFFECT OF A RECENT AMENDMENT TO THE RETAIL SHOP LEASES ACT 1994 ON MY PHARMACY LEASE
On 4 April 2011, amendments were made to the Retail Shop Leases Act 1994 (“Act”) that can greatly benefit Retail Shop Lease holders when they renew their lease or enter into a new lease. Section 36A(2) was inserted into the Act and makes “ratchet clauses” in a Retail Shop Leases void.