Northern Territory Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

UNIT TITLE SCHEMES ACT 2009 - SECT 35

Creating new common property

    (1)     The body corporate may acquire and incorporate into the common property any of the following:

        (a)     an estate in fee simple in a lot outside the scheme land;

        (b)     a unit of the scheme;

        (c)     a lot that:

            (i)     is created by the subdivision of a unit, or consolidation of units, of the scheme or a subsidiary scheme; and

            (ii)     does not become all or part of a unit or units of a scheme.

    (2)     Subsection (1) has effect subject to section 28(3) (about the requirements that must be met in relation to the acquisition).



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback