STRATA TITLES ACT 1985 - SECT 92

STRATA TITLES ACT 1985 - SECT 92

92 .         Temporary common property

        (1)         A strata company may, by resolution without dissent, for the purpose of creating temporary common property —

            (a)         for a freehold scheme — accept a lease of a lot in the scheme or of land that is contiguous to the parcel or separated only by a road, railway or waterway; and

            (b)         for a leasehold scheme — accept a lease (that expires on or before the expiry day for the scheme) of a lot in the scheme or of land that is contiguous to the parcel or separated only by a road, railway or waterway.

        (2)         Except as provided in the regulations, the land that is leased must not be subject to a designated interest.

        (3)         A strata company may, by resolution without dissent (made with the concurrence of the lessor if required under the lease), surrender a lease accepted by it under this section.

        (4)         If a resolution is passed under this section, the strata company may enter into the necessary transaction in its own name.

        [Section 92 inserted: No. 30 of 2018 s. 83.]