(1)This section applies to the body corporate for a community titles scheme if the original owner control period for the scheme has ended.
(2)The body corporate may acquire a lot included in the scheme if—
(a)the lot is to become common property for use solely for—
(i)a residence for a letting agent or service contractor (each a body corporate lessee) for the scheme; or
(ii)a residence for the letting agent and an office for conducting the letting agent business; and
(b)the body corporate, by resolution without dissent, authorises the acquisition for the use.