Wednesday, September 30, 2020

Body Corporate And Community Management Act 1997

Chapter 2
Part 3
Division 2
Section 41

Lease | Section 41

If the body corporate acquires a lot under section 40, the body corporate must—

(a)incorporate the lot with common property for the scheme; and

(b)lease the part of the common property that is the incorporated lot (the lessee common property) to the body corporate lessee for a period not longer than the term of the person’s authorisation as letting agent or engagement as a service contractor.

© 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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