Monday, September 28, 2020

Body Corporate And Community Management Act 1997

Chapter 2
Part 3
Division 2
Section 43

Effect of ending of authorisation | Section 43

(1)If the body corporate lessee’s authorisation as a letting agent or engagement as service contractor ends, whether by termination or otherwise—

(a)the lease ends immediately; and

(b)if the lessee common property is no longer to be used for a purpose mentioned in section 40(2)(a), the body corporate must convert the lessee common property to a lot in the scheme.

(2)In incorporating a lot with common property under section 41(a), or in converting lessee common property to a lot under subsection (1)(b), the body corporate must ensure any necessary titling and subdivisional arrangements are carried out under the Land Title Act.

© 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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