New South Wales Consolidated Acts

RESIDENTIAL (LAND LEASE) COMMUNITIES ACT 2013 - SECT 34D

34D Payment of amounts payable under voluntary sharing arrangements

(1) If the home owner sells the home and the operator of the community is the selling agent, the operator may deduct the amounts payable to the operator under a voluntary sharing arrangement from any proceeds of the sale held by the operator in accordance with the site agreement.

(2) If the home owner sells the home and the operator of the community is not the selling agent, the home owner must pay the amounts payable to the operator under a voluntary sharing arrangement within 14 days of the sale being finalised.

(3) The Tribunal may, at any time, on application by the operator of the community, make an order requiring the home owner to pay an amount owing to the operator under a voluntary sharing arrangement together with interest determined by the Tribunal.