Sunday, September 27, 2020

Body Corporate And Community Management Act 1997

Chapter 8
Part 9
Division 5
Section 394

Application of s 206 | Section 394

(1)This section applies in relation to the sale of a lot included in a community titles scheme—

(a)if a contract for the sale of the lot to the person who proposes to buy the lot (the buyer) has not been entered into before the commencement; and

(b)whether or not the person who proposes to sell the lot (the seller) to the buyer has complied with previous section 206 in relation to the sale.

(2)The seller must give the buyer a disclosure statement complying with current section 206 before the buyer enters into a contract to buy the lot.

(3)If the seller has, before the commencement, given the buyer a disclosure statement under previous section 206, the seller complies with current section 206 in relation to the buyer if—

(a)the seller gives the buyer a new disclosure statement that complies with current section 206; or

(b)the seller gives the buyer a written notice that—

(i)states the matters mentioned in current section 206(2)(b); and

(ii)is accompanied by a copy of the community management statement for the community titles scheme.

(4)In this section—

current section 206 means section 206 as in force immediately after the commencement.

previous section 206 means section 206 as in force from time to time before the commencement.

© 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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