New South Wales Consolidated Acts

RESIDENTIAL (LAND LEASE) COMMUNITIES ACT 2013 - SECT 63

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.