NSWIn ForceAct
Strata Schemes Development Act 2015
18Effect of conversion of lots in leasehold strata scheme
Start here
Get a plain-English read of 18
Turn the raw legal text into a practical explanation grounded in Strata Schemes Development Act 2015.
18 Effect of conversion of lots in leasehold strata scheme
18 Effect of conversion of lots in leasehold strata scheme
On the registration of a notice of conversion for a leasehold strata scheme—
(a) the lease of a lot converted into common property is determined, and
(b) the lot vests in the owners corporation as lessee for the remainder of the term specified in the lease of the common property.