26Acquisition of additional association property by lease

#### 26 Acquisition of additional association property by lease 26 Acquisition of additional association property by lease > > (1) An association may add land to its association property by lease if— > > > > > (a) the land is not part of the scheme parcel, and > > > > > (b) the land is contiguous to the scheme parcel, and > > > > > (c) the lease is registered under the [Real Property Act 1900](/view/html/inforce/current/act-1900-025). > > > (2) The lease— > > > > > (a), (b) (Repealed) > > > > > (c) must be accompanied by a certificate under the seal of the association to which the land is to be transferred to the effect that acceptance of the lease was authorised by special resolution, and > > > > > (d) if the lease is to a neighbourhood association, must not be registered unless— > > > > > > > (i) the initial period has expired, or > > > > > > > (ii) there is a development contract in force and the lease is in accordance with the contract, or > > > > > > > (iii) the lease has been authorised by the Tribunal. > > > (3) An association may surrender or vary a lease accepted by it under this section if— > > > > > (a) it so decides by special resolution, and > > > > > (b) the lessor consents. > > > (4) In this section— > > > > lease includes— > > > > > (a) a sublease, and > > > > > (b) a leasehold estate or interest acquired by transfer. > > **s 26:** Am 2022 No 59, Sch 1.5\[1\].