Queensland Consolidated Acts

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BODY CORPORATE AND COMMUNITY MANAGEMENT ACT 1997 - SECT 40

40 Acquisition for letting agent purposes

(1) This section applies to the body corporate for a community titles scheme if the original owner control period for the scheme has ended.

(2) The body corporate may acquire a lot included in the scheme if--

(a) the lot is to become common property for use solely for--
(i) a residence for a letting agent or service contractor (each a body corporate lessee) for the scheme; or
(ii) a residence for the letting agent and an office for conducting the letting agent business; and
(b) the body corporate, by resolution without dissent, authorises the acquisition for the use.


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