sec.12-oc.2Conversion of lots into common property

### sec.12-oc.2 Conversion of lots into common property One or more lots may be converted into common property with the approval of the local government by registering with the registrar of titles, as a notice of conversion, a notice executed by the lessor and the lessee of that lot, or that lessor and the lessees of those lots, and approved by the body corporate by unanimous resolution. (amended) The provisions of this Act relating to leasehold building units plans, and, where the corporation is not the local government, to appeals from any decision of a local government or failure of a local government to make a decision, shall with such modifications as may be necessary apply to conversions of lots into common property. (amended) A notice of conversion shall not be registered unless every mortgage, current sublease, caveat or other estate or interest recorded in the register in respect of the lease of each lot or lots to which the notice relates has been discharged, surrendered, withdrawn or otherwise disposed of, as the case may be. (amended) When registering a notice of conversion the registrar of titles shall— amend the original leasehold building units plan in the manner prescribed; and amend the schedule of lot entitlements endorsed upon the original leasehold building units plan in accordance with the schedule complying with the provisions of section 19 lodged with the notice; and record in the register the determination of the lease of the converted lot; and make such other recordings in the register as the registrar of titles considers appropriate to give effect to the notice of conversion. (amended) (sec.12-oc.2-ssec.1) One or more lots may be converted into common property with the approval of the local government by registering with the registrar of titles, as a notice of conversion, a notice executed by the lessor and the lessee of that lot, or that lessor and the lessees of those lots, and approved by the body corporate by unanimous resolution. (amended) (sec.12-oc.2-ssec.2) The provisions of this Act relating to leasehold building units plans, and, where the corporation is not the local government, to appeals from any decision of a local government or failure of a local government to make a decision, shall with such modifications as may be necessary apply to conversions of lots into common property. (amended) (sec.12-oc.2-ssec.3) A notice of conversion shall not be registered unless every mortgage, current sublease, caveat or other estate or interest recorded in the register in respect of the lease of each lot or lots to which the notice relates has been discharged, surrendered, withdrawn or otherwise disposed of, as the case may be. (amended) (sec.12-oc.2-ssec.4) When registering a notice of conversion the registrar of titles shall— amend the original leasehold building units plan in the manner prescribed; and amend the schedule of lot entitlements endorsed upon the original leasehold building units plan in accordance with the schedule complying with the provisions of section 19 lodged with the notice; and record in the register the determination of the lease of the converted lot; and make such other recordings in the register as the registrar of titles considers appropriate to give effect to the notice of conversion. (amended) - (a) amend the original leasehold building units plan in the manner prescribed; and - (b) amend the schedule of lot entitlements endorsed upon the original leasehold building units plan in accordance with the schedule complying with the provisions of section 19 lodged with the notice; and - (c) record in the register the determination of the lease of the converted lot; and - (d) make such other recordings in the register as the registrar of titles considers appropriate to give effect to the notice of conversion.