113Agreement for payment to owner of consideration on transfer or lease of common property

113 Agreement for payment to owner of consideration on transfer or lease of common property

113 Agreement for payment to owner of consideration on transfer or lease of common property

An owners corporation may, in accordance with a special resolution, make an agreement with an owner for the payment to the owner of—

(a) the whole or any part of the consideration under any transaction proposed to be entered into by the owners corporation under Division 6 of Part 2 of the Strata Schemes Development Act 2015, or

(b) any money payable to the owners corporation under a common property rights by-law.