119Unit title certificates

119 Unit title certificates (1) An eligible person for a unit or the common property in a units plan may request the owners corporation give the person— (a) a certificate stating information about the unit or the common property suitable for disclosure to a potential buyer (a unit title sale certificate); or (b) a certificate updating information in the unit title sale certificate (a unit title sale update certificate); or (c) a certificate stating information about the unit or the common property suitable for disclosure to a potential tenant (a unit title rental certificate). (2) However, an eligible person may only request a unit title sale update certificate within 4 months after the day a unit title sale certificate is given to the person. (3) The owners corporation must, within the required period after the day the request is received, give the person the requested certificate. (4) A unit title rental certificate expires 5 years after the day it is given to the person. (5) The Minister may determine information that must be included in any of the following (the determined information): (a) a unit title sale certificate; (b) a unit title sale update certificate; (c) a unit title rental certificate. (6) A request under this section must be in writing and accompanied by a fee fixed by the owners corporation of not more than an amount determined by the Minister. (7) A determination under subsection (5) or (6) is a disallowable instrument. (8) In this section: eligible person, for a unit, includes a person who enters into a contract for sale of the unit. Note Eligible person—see the dictionary. required period means— (a) for a unit title sale certificate or unit title sale update certificate—14 days; and (b) for a unit title rental certificate— (i) if the owners corporation has the determined information—14 days; and (ii) if the owners corporation does not have the determined information—6 weeks. tenant—see the Residential Tenancies Act 1997, section 6.