Australian Capital Territory Current Acts Australian Capital Territory Current Acts(1) This section applies if a units plan subdivides land under a declared land sublease.
(2) The owners corporation may, on behalf of the unit owners, surrender the leases with the written consent of the Crown lessee.
Note If a lease is subject to a registered mortgage or encumbrance, the mortgagee or encumbrancee must also consent to the surrender (see Land Titles Act 1925
, s 86 (7)).
(3) If a lease is surrendered under subsection (2), the Land Titles Act 1925
, section 88H (Surrender etc of
land sublease—payment for improvements) applies.