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Arbitration Act 是什么? 商铺租约上有一段实在不理解,请教高手解析一下。多谢。

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.
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Replies, comments and Discussions:

  • 枫下茶话 / 法律 / Arbitration Act 是什么? 商铺租约上有一段实在不理解,请教高手解析一下。多谢。
    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.
    • "JUSTICE" 有两个渠道:一个是 ARBITRATION,一个是 LITIGATION。我们平时说的官司是 LITIGATION。只能取一。有 ARBITRATION 解决不了最后到 LITIGATION,不多见。ARBITRATION 是两个 PARTY 交材料,由 ARBITRATOR 决定谁对。COST 小,时间短。
      • 多谢,就是所谓的仲裁机构, 对吧。
        • 我翻译不过来。你看看有关资料。ARBITRATION 是用 PROFESSIONAL 来进行判断。在 OPEN COURT 上是没有 PROFESSIONAL 的。如果需要,这些 PROFESSIONAL 是 WITNESS。
    • 仲裁法案
      • thank for all.