111—Limitations on leasing of common property and lots
(1) A right to occupy
the whole or a part of the common property to the exclusion of all or some of
the owners or occupiers of the community lots—
(a) may
be granted by the corporation pursuant to a unanimous resolution of the
corporation; and
(b) must
not be granted contrary to the scheme description.
(2) A right to occupy
the whole or a part of the common property or a lot—
(a) must
not be granted contrary to the by-laws; 1 and
(b) in
the case of the common property or a lot in a secondary scheme—must not
be granted contrary to the by-laws of the primary scheme; and
(c) in
the case of the common property or a lot in a tertiary scheme—must not
be granted contrary to the by-laws of the primary or secondary scheme.
Explanatory Note—
1 The only restriction that the by-laws can impose
in relation to the leasing or occupancy of a lot relates to short term
occupancy—see section 37(2).