Northern Territory Consolidated Acts Northern Territory Consolidated Acts(1) This section applies if, during the original owner control period for a scheme, the body corporate enters into an arrangement to:
(a) engage a person as the body corporate manager or as a service contractor; or
(b) authorise a person as a letting agent.
(2) The original owner must ensure:
(a) the terms of the arrangement:
(i) are appropriate for the scheme; and
(ii) will be fair and reasonable for the person and the body corporate as constituted immediately after the end of the original owner control period; and
(b) the powers and functions conferred by the arrangement do not adversely affect the ability of the body corporate to exercise its powers or perform its functions.
(3) The body corporate or a unit owner may recover from the original owner any loss suffered by the body corporate or unit owner (as appropriate) because of a contravention of subsection (2).