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RESIDENTIAL (LAND LEASE) COMMUNITIES ACT 2013 - SECT 31
Duration of site agreement
(1) A site agreement may (but need not) provide for its duration to be for a
specified fixed period.
(2) The parties to a site agreement that specifies a
fixed period may (but need not) enter into a new site agreement for a new
fixed period, regardless of the terms of the agreement.
(3) However, if a
site agreement entered into after the commencement of this section specifies a
fixed period, the period must exceed the minimum period.
(4) A term of a
site agreement entered into after the commencement of this section has no
effect to the extent that it specifies a period that does not exceed the
minimum period. In that case, the agreement is taken to be unlimited as to its
duration.
(5) A home owner's right under a site agreement to occupy a
residential site continues until the agreement is terminated in accordance
with this Act, whether or not a fixed period (if any) has expired, and
accordingly all terms of the agreement remain in full force and effect.
(6)
For the purposes of this section, the
"minimum period" is 3 years or, if another period is specified as the
minimum period in the regulations, the period so specified.
(7) A regulation
that imposes a new minimum period applies to site agreements entered into on
or after the commencement of the regulation.
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