sec.225Costs incurred in entering contracts of engagement or authorisation

sec.225 Costs incurred in entering contracts of engagement or authorisation

The original owner of a lot in a community titles scheme must not recover from a buyer of the lot or the body corporate any part of the original owner’s costs incurred, in the original owner control period, in entering into a contract that provides for— the engagement of a person as a body corporate manager or service contractor; or the authorisation of a person as a letting agent. If an amount is given to or accepted by the original owner in contravention of subsection (1) , the buyer may recover the amount from the original owner as a debt. To remove any doubt, it is declared that subsection (1) does not apply to the recovery from the buyer of costs incurred after the buyer becomes the owner of the lot and for which the buyer is liable, under this Act, as a lot owner. s 225 ins 2003 No. 6 s 71 (sec.225-ssec.1) The original owner of a lot in a community titles scheme must not recover from a buyer of the lot or the body corporate any part of the original owner’s costs incurred, in the original owner control period, in entering into a contract that provides for— the engagement of a person as a body corporate manager or service contractor; or the authorisation of a person as a letting agent. (sec.225-ssec.2) If an amount is given to or accepted by the original owner in contravention of subsection (1) , the buyer may recover the amount from the original owner as a debt. (sec.225-ssec.3) To remove any doubt, it is declared that subsection (1) does not apply to the recovery from the buyer of costs incurred after the buyer becomes the owner of the lot and for which the buyer is liable, under this Act, as a lot owner.

• (a) the engagement of a person as a body corporate manager or service contractor; or
• (b) the authorisation of a person as a letting agent.