sec.136Procedures for selling land by another auction or negotiation

sec.136 Procedures for selling land by another auction or negotiation

The council may, after the day of the auction, decide to continue to offer the land for sale by another auction, or sale by negotiation, under this section. The council must end any negotiations entered into under section 135 (2) when it makes a decision under subsection (1) . Sections 134 (3) to (5) and 135 apply to the preparation and conduct of any subsequent sale by auction under this section. The council must prepare a sales notice if it decides to offer the land for sale by negotiation under this section. The council must— give a copy of the sales notice to each interested party who was given a notice of intention to sell the land; and publish the sales notice on the council’s website; and display the sales notice in a conspicuous place in the council’s public office; and display the sales notice in a conspicuous place on the land unless it is not reasonably practicable to do so because the land is in a remote location or difficult to access; and take all reasonable steps to publish the sales notice in another way to notify the public about the sale of the land. publish the sales notice in a newspaper that is circulating generally in Brisbane or on a real estate trading website However, if— the land is a building unit; and it is not practicable to display the sales notice in a conspicuous place on the land; the notice may be displayed in a conspicuous part of the common property for the building units. The council must ensure that the price for land offered for sale by negotiation under this section is at least— the market value of the land; or the higher of the following— the amount of overdue rates or charges on the land; the value of the land. In this section— sales notice , for a sale of land by negotiation, means a written notice stating— the land is for sale by negotiation; and a full description of the land. s 136 sub 2020 SL No. 244 s 9 (sec.136-ssec.1) The council may, after the day of the auction, decide to continue to offer the land for sale by another auction, or sale by negotiation, under this section. (sec.136-ssec.2) The council must end any negotiations entered into under section 135 (2) when it makes a decision under subsection (1) . (sec.136-ssec.3) Sections 134 (3) to (5) and 135 apply to the preparation and conduct of any subsequent sale by auction under this section. (sec.136-ssec.4) The council must prepare a sales notice if it decides to offer the land for sale by negotiation under this section. (sec.136-ssec.5) The council must— give a copy of the sales notice to each interested party who was given a notice of intention to sell the land; and publish the sales notice on the council’s website; and display the sales notice in a conspicuous place in the council’s public office; and display the sales notice in a conspicuous place on the land unless it is not reasonably practicable to do so because the land is in a remote location or difficult to access; and take all reasonable steps to publish the sales notice in another way to notify the public about the sale of the land. publish the sales notice in a newspaper that is circulating generally in Brisbane or on a real estate trading website (sec.136-ssec.6) However, if— the land is a building unit; and it is not practicable to display the sales notice in a conspicuous place on the land; the notice may be displayed in a conspicuous part of the common property for the building units. (sec.136-ssec.7) The council must ensure that the price for land offered for sale by negotiation under this section is at least— the market value of the land; or the higher of the following— the amount of overdue rates or charges on the land; the value of the land. (sec.136-ssec.8) In this section— sales notice , for a sale of land by negotiation, means a written notice stating— the land is for sale by negotiation; and a full description of the land.