sec.40Acquisition for letting agent purposes

sec.40 Acquisition for letting agent purposes

This section applies to the body corporate for a community titles scheme if the original owner control period for the scheme has ended. The body corporate may acquire a lot included in the scheme if— the lot is to become common property for use solely for— a residence for a letting agent or service contractor (each a body corporate lessee ) for the scheme; or a residence for the letting agent and an office for conducting the letting agent business; and the body corporate, by resolution without dissent, authorises the acquisition for the use. s 40 sub 2003 No. 6 s 9 (sec.40-ssec.1) This section applies to the body corporate for a community titles scheme if the original owner control period for the scheme has ended. (sec.40-ssec.2) The body corporate may acquire a lot included in the scheme if— the lot is to become common property for use solely for— a residence for a letting agent or service contractor (each a body corporate lessee ) for the scheme; or a residence for the letting agent and an office for conducting the letting agent business; and the body corporate, by resolution without dissent, authorises the acquisition for the use.

• (a) the lot is to become common property for use solely for— (i) a residence for a letting agent or service contractor (each a body corporate lessee ) for the scheme; or (ii) a residence for the letting agent and an office for conducting the letting agent business; and
• (i) a residence for a letting agent or service contractor (each a body corporate lessee ) for the scheme; or
• (ii) a residence for the letting agent and an office for conducting the letting agent business; and
• (b) the body corporate, by resolution without dissent, authorises the acquisition for the use.
• (i) a residence for a letting agent or service contractor (each a body corporate lessee ) for the scheme; or
• (ii) a residence for the letting agent and an office for conducting the letting agent business; and