Northern Territory Consolidated Acts

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UNIT TITLES ACT - SECT 42B

Leasing of common property

    (1)     A corporation may, if authorised by a resolution without dissent of the corporation, grant a lease of the common property.

    (2)     An estate management corporation may, if authorised by a special resolution of the corporation, grant a lease of the common property.

    (3)     A building management corporation may, if authorised by a special resolution of the corporation, grant a lease of the common property.



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