New South Wales Consolidated Acts
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STRATA SCHEMES DEVELOPMENT ACT 2015 - SECT 17
Conversion of lots into common property
(1) One or more lots in a strata scheme may be converted into common property
by the registration of a notice as a notice of conversion, if the
owners corporation, by special resolution, authorises the proposed conversion.
(2) The notice must:
(a) be in the approved form, and
(b) be signed by:
the owners corporation, and
(ii) the owner of the lot or lots to be
(iii) if the notice is for a leasehold strata scheme--the
lessor of the strata scheme, and
(c) be accompanied by a strata certificate
for the notice of conversion.
Note : Subsection (2) (c) does not apply to a
notice lodged by the Crown. See section 199 (2).
(3) However, if part or all
of the land to be converted is held by the original owner, the notice must not
be registered unless:
(a) the initial period has expired, or
original owner owns all lots in the strata scheme, or
(c) an order has been
made under section 27 of the Strata Schemes Management Act 2015 authorising
the registration of the notice.
(4) Also, the Registrar-General must not
register a notice of conversion unless each mortgage, charge, covenant charge,
lease, caveat or writ recorded in the folio for the lot or lots to be
converted has been discharged, surrendered, withdrawn or otherwise disposed
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