NSWIn ForceAct
Strata Schemes Development Act 2015
139Dealing with disputes about value of improvements for leasehold strata schemes
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#### 139 Dealing with disputes about value of improvements for leasehold strata schemes
139 Dealing with disputes about value of improvements for leasehold strata schemes
> > (1) If, in relation to a former lot in a leasehold strata scheme that is terminated by a termination order, there is a dispute about the amount of compensation to be paid for the value of improvements attributable to the lot, the dispute must be resolved—
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> > > (a) if provided for under the lease of the lot or the parties to the dispute otherwise agree—by arbitration under the [Commercial Arbitration Act 2010](/view/html/inforce/current/act-2010-061), or
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> > > (b) otherwise—by order of the court.
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> > (2) An application for an order of the court may be made by any party to the dispute.
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> > (3) Notice of the application must be served, in accordance with rules of court, on the persons directed by the court.
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> > (4) As far as practicable, all applications relating to the same leasehold strata scheme must be heard together.