Part 2Nature of community title

Part 2 Nature of community title 5 Community title schemes (1) A community title scheme consists of— (a) a master plan for developing the scheme land; and (b) a management statement that complies with this part; and (c) the constituent documents for the body corporate to be formed on the registration of the scheme; and (d) the by-laws of the body corporate. (2) A community title scheme must include— (a) 1 or more lots that are common property; and (b) 2 or more lots that are not common property. (3) The land included in a community title scheme must form a single area that is not divided by anything other than— (a) a road; or (b) a body of water (other than a lake within the meaning of the Lakes Act 1976); or (c) an area prescribed by regulation.