41Adjusting unit entitlements under agreement

41 Adjusting unit entitlements under agreement (1) Two or more unit owners may agree in writing to adjust the unit entitlements of those units if: (a) the sum of the unit entitlements of the units will not change under the agreement; and (b) each mortgagee of the units has consented to the agreement. (2) The unit owners must: (a) notify the body corporate of the agreement; and (b) prepare a subsequent scheme statement reflecting the agreement; and (c) request the body corporate to endorse the statement. (3) The body corporate must, within 3 months after receiving the request, decide whether to accept the request, having regard to: (a) section 39(5) and (6); and (b) any advice received by the body corporate in relation to the unit entitlements. The body corporate must lodge the scheme statement within 3 months after endorsing the statement if it accepts the request. See section 20(4).