NSWIn ForceAct
Strata Schemes Development Act 2015
47Order about re-entry or forfeiture
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#### 47 Order about re-entry or forfeiture
47 Order about re-entry or forfeiture
> > (1) If a lessor has brought legal proceedings to enforce a right of re-entry or forfeiture under a lease of a lot in a leasehold strata scheme, the Supreme Court may, on application by a mortgagee, chargee or covenant chargee of the lot make an order—
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> > > (a) staying the proceedings on the terms the Supreme Court considers just and equitable, and
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> > > (b) vesting, for the remaining term of the lease or a shorter term, the lease of the lot in the mortgagee, chargee or covenant chargee on the conditions the court considers just and equitable, including, for example, conditions relating to—
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> > > > (i) the execution of a dealing or other document, or
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> > > > (ii) the payment of rent, or
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> > > > (iii) costs, expenses, damages or compensation, or
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> > > > (iv) the giving of a security.
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> > (2) The order may be made—
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> > > (a) in proceedings brought for the purpose by the mortgagee, chargee or covenant chargee, or
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> > > (b) in the proceedings brought by the lessor that are already in the Supreme Court.