QLDIn ForceAct
Manufactured Homes (Residential Parks) Act 2003
sec.62JRequirement to agree resale value or appoint registered valuer—initial requirements
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### sec.62J Requirement to agree resale value or appoint registered valuer—initial requirements
The parties must, within 14 days after the start of the buyback period, agree in writing on the resale value of the eligible home.
However, if the parties can not agree on the resale value of the eligible home within the period mentioned in subsection (1) , the parties must, within a further 7 days, jointly appoint a registered valuer to value the resale value of the eligible home.
Subsection (2) applies subject to section 62M .
s 62J ins 2024 No. 28 s 12
(sec.62J-ssec.1) The parties must, within 14 days after the start of the buyback period, agree in writing on the resale value of the eligible home.
(sec.62J-ssec.2) However, if the parties can not agree on the resale value of the eligible home within the period mentioned in subsection (1) , the parties must, within a further 7 days, jointly appoint a registered valuer to value the resale value of the eligible home.
(sec.62J-ssec.3) Subsection (2) applies subject to section 62M .