Property Services (Regulation) Act 2011
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Database of commercial property leases. |
87.— (1) The Authority shall, as soon as is practicable after the commencement of this section, establish and maintain for the purposes of this Act a database relating to commercial property leases, to be known as the Commercial Leases Database. | |
(2) The Commercial Leases Database shall be in such form as the Authority thinks fit and shall, in respect of each relevant commercial lease which is in force, contain— | ||
(a) the address and description of the commercial property the subject of the lease, | ||
(b) the date of the lease of the property, | ||
(c) the term of years of the lease, | ||
(d) the rent payable in respect of the property, | ||
(e) the particulars provided to the Authority under section 88 in relation to the property, and | ||
(f) such other particulars as may be prescribed by regulations made under section 95 for the purposes of this paragraph. | ||
(3) Subject to subsection (4), the Commercial Leases Database may, at the Authority’s discretion, contain, in respect of a commercial property lease, the particulars provided for in paragraphs (a) to (d) of subsection (2) notwithstanding the fact that such a lease was entered into before the commencement of this section. | ||
(4) Subsection (3) shall not apply to a commercial property lease entered into more than 5 years before the commencement of this section. | ||
(5) The Authority shall make the Commercial Leases Database available for inspection by any person, on payment of the appropriate fee— | ||
(a) at its principal office during normal working hours, and | ||
(b) on its Internet website in such a manner that the section of that website which contains the Database is readily accessible by such person. |