Body Corporate and Community Management Act 1997
sec.43Effect of ending of authorisation
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sec.43 Effect of ending of authorisation
If the body corporate lessee’s authorisation as a letting agent or engagement as service contractor ends, whether by termination or otherwise— the lease ends immediately; and if the lessee common property is no longer to be used for a purpose mentioned in section 40 (2) (a) , the body corporate must convert the lessee common property to a lot in the scheme. In incorporating a lot with common property under section 41 (a) , or in converting lessee common property to a lot under subsection (1) (b) , the body corporate must ensure any necessary titling and subdivisional arrangements are carried out under the Land Title Act . s 43 ins 2003 No. 6 s 9 (sec.43-ssec.1) If the body corporate lessee’s authorisation as a letting agent or engagement as service contractor ends, whether by termination or otherwise— the lease ends immediately; and if the lessee common property is no longer to be used for a purpose mentioned in section 40 (2) (a) , the body corporate must convert the lessee common property to a lot in the scheme. (sec.43-ssec.2) In incorporating a lot with common property under section 41 (a) , or in converting lessee common property to a lot under subsection (1) (b) , the body corporate must ensure any necessary titling and subdivisional arrangements are carried out under the Land Title Act .
- (a) the lease ends immediately; and
- (b) if the lessee common property is no longer to be used for a purpose mentioned in section 40 (2) (a) , the body corporate must convert the lessee common property to a lot in the scheme.