Section 8:
consolidated text (as at 2018, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
8. Where a hotel suspends its operation for purposes of renovation or reconstruction, the annual rental shall be reduced by 50 per cent during the period of
renovation or reconstruction, as the case may be, calculated on a pro rata basis,
provided that—
(a) the hotel had opted for a lease granted under section 6 (1C) pursuant
to section 6 (1E);
(b) the renovation or reconstruction starts at any time during the period
1 January 2013 to 30 June 2020;
(c) the employment and period of service of all the employees of the
hotel in respect of the period of renovation or reconstruction are
safeguarded and preserved by the hotel; and
(d) the reduction of the annual rental shall not exceed a period of 12
months.