Monday, September 28, 2020

Body Corporate And Community Management Act 1997

Chapter 2
Part 3
Division 2
Section 40

Acquisition for letting agent purposes | Section 40

(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.

© Sourced from the Queensland Legislation website at 1 April 2020. For the latest information on Queensland Government legislation please go to https://www.legislation.qld.gov.au.

Disclaimer: Reproduced from the Body Corporate and Community Management Act 1997. This website does not give legal advice or other professional advice. You should seek legal or other professional advice before acting and not rely on any of the content on this website.

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