New South Wales Consolidated Acts
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RESIDENTIAL (LAND LEASE) COMMUNITIES ACT 2013 - SECT 63
Reduction of site fees by agreement
63 Reduction of site fees by agreement
(1) The site fees payable under a site agreement may be reduced-- (a) under a
provision of the agreement, under which the site fees payable change
automatically at specified intervals on a basis set out in the agreement, or
(b) by mutual agreement between the home owner and the operator.
(2)
Site fees may be reduced on a temporary basis so that, at the end of a
specified period, the site fees revert to the level the fees would have been
before the temporary reduction.
(3) If the site fees are reduced by mutual
agreement between the home owner and the operator, the terms of the
site agreement are varied accordingly.
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