Friday, October 30, 2020

Body Corporate And Community Management Act 1997

Chapter 1
Part 4
Division 1
Section 17

Meaning of lease-back scheme and lease-back scheme operator | Section 17

A community titles scheme is a lease-back scheme if—

(a)the scheme is a basic scheme; and

(b)lots included in the scheme are the subject of registered or registrable leases to a person (the lease-back scheme operator); and

(c)the lease-back scheme operator is the owner for each lot included in the scheme other than the lots mentioned in paragraph (b).

© 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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