NSWIn ForceAct
Residential (Land Lease) Communities Act 2013
34BMeaning of “voluntary sharing arrangement”
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#### 34B Meaning of “voluntary sharing arrangement”
34B Meaning of “voluntary sharing arrangement”
> A voluntary sharing arrangement means the terms of a site agreement under which the home owner agrees to pay the operator of the community either or both of the following—
>
> > (a) site fees the payment of which is deferred as specified in the site agreement,
>
> > (b) if the home owner sells the home—either of the following amounts —
> >
> > > (i) a specified share of any capital gain for the home realised by the home owner (a capital share amount),
> >
> > > (ii) a portion of the total sale price of the home determined in the way specified in the agreement (an on-site premium).
>
> **s 34B:** Ins 2024 No 46, Sch 1\[3\].