New South Wales Repealed Regulations

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This legislation has been repealed.

STRATA SCHEMES (LEASEHOLD DEVELOPMENT) REGULATION 2007 - REG 14

Strata development contracts

14 Strata development contracts

(1) The description in a strata development contract referred to in section 43 (2) (c) of the Act must deal separately with each of the following matters in relation to each stage of the development:
(a) the types of buildings proposed, the proposed uses of the lots in the buildings, the proposed building style and the proposed height and density of the buildings,
(b) any common property amenities that will be provided,
(c) the number of lots to be created,
(d) details of access and construction zones and accompanying rights over common property and development lots,
(e) the manner in which it is proposed to landscape the parcel,
(f) building materials and finishes to be used,
(g) details of any vertical staging, and of the insurance cover that applies to any such staging,
(h) whether the developer's liability for expenses relating to the use or maintenance of the common property is to be determined by unit entitlement or differently and details of how the liability is to be determined, if it is to be determined differently,
(i) details of any by-laws, management agreements, covenants, easements or dedications that will be created or entered into.
(2) The description in a strata development contract referred to in section 43 (2) (d) of the Act must deal separately with each of the following matters in relation to each stage of the development:
(a) the types of buildings proposed, proposed uses of the lots in the buildings, the proposed building style and the proposed height and density of the buildings,
(b) the maximum number of lots to be created,
(c) details of any vertical staging, and of the insurance cover that applies to any such staging,
(d) whether the developer's liability for expenses relating to the use or maintenance of the common property is to be determined by unit entitlement or differently and details of how the liability is to be determined, if it is to be determined differently,
(e) details of any by-laws, management agreements, covenants, easements or dedications that will be created or entered into.



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