Body Corporate and Community Management Act 1997
sec.212ABuyer may terminate if there is no proposed community management statement
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sec.212A Buyer may terminate if there is no proposed community management statement
This section applies to a contract entered into by a person with another person (the buyer ) for the sale to the buyer of a lot intended to come into existence as a lot included in a community titles scheme when the scheme is established or changed. When the contract is entered into there must be a proposed community management statement for the scheme as established or changed. The buyer may terminate the contract if— there has been a contravention of subsection (2) ; and the contract has not already been settled. s 212A ins 2009 No. 20 s 3 amd 2010 No. 30 s 13 (sec.212A-ssec.1) This section applies to a contract entered into by a person with another person (the buyer ) for the sale to the buyer of a lot intended to come into existence as a lot included in a community titles scheme when the scheme is established or changed. (sec.212A-ssec.2) When the contract is entered into there must be a proposed community management statement for the scheme as established or changed. (sec.212A-ssec.3) The buyer may terminate the contract if— there has been a contravention of subsection (2) ; and the contract has not already been settled.
- (a) there has been a contravention of subsection (2) ; and
- (b) the contract has not already been settled.