Australian Capital Territory Current Acts

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UNIT TITLES ACT 2001 - SECT 167B

Declared land subleases—surrender of leases in units without grant of further leases

    (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.



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