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Body Corporate and Community Management Act 1997
sec.140Requirement for transfer
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sec.140 Requirement for transfer
The letting agent must transfer the letting agent’s management rights for the scheme if— a ground exists for the body corporate to require the transfer; and the body corporate— by majority resolution decided by secret ballot conducted in the way prescribed under the regulation module applying to the scheme requires the transfer; and gives written notice of the requirement (the transfer notice ) to the letting agent. s 140 ins 2003 No. 6 s 49
- (a) a ground exists for the body corporate to require the transfer; and
- (b) the body corporate— (i) by majority resolution decided by secret ballot conducted in the way prescribed under the regulation module applying to the scheme requires the transfer; and (ii) gives written notice of the requirement (the transfer notice ) to the letting agent.
- (i) by majority resolution decided by secret ballot conducted in the way prescribed under the regulation module applying to the scheme requires the transfer; and
- (ii) gives written notice of the requirement (the transfer notice ) to the letting agent.
- (i) by majority resolution decided by secret ballot conducted in the way prescribed under the regulation module applying to the scheme requires the transfer; and
- (ii) gives written notice of the requirement (the transfer notice ) to the letting agent.