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Strata Schemes Development Act 2015
43Powers of lessor if no current lease
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43 Powers of lessor if no current lease
43 Powers of lessor if no current lease
(1) For the purposes of this Act, a lessor of a leasehold strata scheme who is entitled to immediate possession of a lot in the scheme because of the determination of a lease is taken to be the owner of the lot.
(2) Subsection (1) does not confer or impose on the lessor a right or obligation created by a lease, sublease, mortgage, charge or covenant charge to which a former owner was subject.