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BODY CORPORATE AND COMMUNITY MANAGEMENT ACT 1997 - SECT 212A Buyer may terminate if there is no proposed community management statement

BODY CORPORATE AND COMMUNITY MANAGEMENT ACT 1997 - SECT 212A

Buyer may terminate if there is no proposed community management statement

212A Buyer may terminate if there is no proposed community management statement

(1) This section applies to a contract entered into by a person with another person (the
"buyer" ) for the sale to the buyer of a lot intended to come into existence as a lot included in a community titles scheme when the scheme is established or changed.
(2) When the contract is entered into there must be a proposed community management statement for the scheme as established or changed.
(3) The buyer may terminate the contract if—
(a) there has been a contravention of subsection (2) ; and
(b) the contract has not already been settled.