New South Wales Consolidated Acts

COMMUNITY LAND DEVELOPMENT ACT 1989 - SECT 16

16 Taking on lease of additional association property

(1) A community association or precinct association may add to its association property by registering under the Real Property Act 1900 a lease to it of land that is not part of, but is contiguous to, the community parcel or precinct parcel.

(2) The Registrar-General may refuse to register a lease under this section unless Schedule 9 is complied with.

(3) A community association or precinct association may surrender a lease accepted by it under this section if--

(a) it so decides by a unanimous resolution, and

(b) the lessor consents.

(4) In relation to a lease under this section, such recordings may be made in the Register as the Registrar-General thinks fit.

(5) In this section--

"land" means land under the Real Property Act 1900 other than--

(a) the land in a qualified or limited folio, and

(b) a perpetual lease from the Crown.

"lease" includes--

(a) a sublease, and

(b) a leasehold estate or interest acquired by transfer.