Queensland Consolidated Acts

BODY CORPORATE AND COMMUNITY MANAGEMENT ACT 1997 - SECT 40

40 Acquisition for letting agent purposes

(1) This section applies to the body corporate for a community titles scheme if the original owner control period for the scheme has ended.

(2) The body corporate may acquire a lot included in the scheme if—

(a) the lot is to become common property for use solely for—

(i) a residence for a letting agent or service contractor (each a
"body corporate lessee" ) for the scheme; or

(ii) a residence for the letting agent and an office for conducting the letting agent business; and

(b) the body corporate, by resolution without dissent, authorises the acquisition for the use.