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Section 28 - Strata Titles Act 1998 - Effect of cancellation — Zoe

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Strata Titles Act 1998

28Effect of cancellation

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### 28 Effect of cancellation > On cancellation of the strata plan – > > > > (a) the site vests in the former owners of the lots, as tenants in common, in shares proportional to the respective unit entitlements of their lots; and > > > > > (b) the body corporate is dissolved and any outstanding rights and liabilities attach to the owners in shares proportional to the respective unit entitlements of their lots; and > > > > > (c) any mortgage or other encumbrance registered over a lot attaches to the interest of the former owner of the lot in the site.

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