租约上有一段实在不了解,知道是有关5年后租约更新时,如果我和租客在租金上有差异,就依据Arbitration Act。什么是Arbitration Act?
Provided the Tenant is not at any time in default of any covenants within the Lease, the Tenant shall be enttiled to renew theis lease for 2 additional term(s) of 60 months (each) on written notice to the Landlord given not less than six months prior to the expiry of the current term at a rental rate to be negotiated. in the event the landlord and tenant can not agreee on the fixed minimum rent at least two months prior to expiry of the current lease, the fixed minimum rent for the renewal prriod shall be determined by arbitration in accordance with the arbitration act or any successor or replacement act.
Provided the Tenant is not at any time in default of any covenants within the Lease, the Tenant shall be enttiled to renew theis lease for 2 additional term(s) of 60 months (each) on written notice to the Landlord given not less than six months prior to the expiry of the current term at a rental rate to be negotiated. in the event the landlord and tenant can not agreee on the fixed minimum rent at least two months prior to expiry of the current lease, the fixed minimum rent for the renewal prriod shall be determined by arbitration in accordance with the arbitration act or any successor or replacement act.