Queensland Consolidated Acts

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BODY CORPORATE AND COMMUNITY MANAGEMENT ACT 1997 - SECT 41

Lease

41 Lease

If the body corporate acquires a lot under section 40 , the body corporate must—

(a) incorporate the lot with common property for the scheme; and
(b) lease the part of the common property that is the incorporated lot (the
"lessee common property" ) to the body corporate lessee for a period not longer than the term of the person’s authorisation as letting agent or engagement as a service contractor.



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