(1) A strata company
may, by resolution without dissent, for the purpose of creating temporary
common property —
(a) for
a freehold scheme — accept a lease of a lot in the scheme or of land
that is contiguous to the parcel or separated only by a road, railway or
waterway; and
(b) for
a leasehold scheme — accept a lease (that expires on or before the
expiry day for the scheme) of a lot in the scheme or of land that is
contiguous to the parcel or separated only by a road, railway or waterway.
(2) Except as provided
in the regulations, the land that is leased must not be subject to a
designated interest.
(3) A strata company
may, by resolution without dissent (made with the concurrence of the lessor if
required under the lease), surrender a lease accepted by it under this
section.
(4) If a resolution is
passed under this section, the strata company may enter into the necessary
transaction in its own name.
[Section 92 inserted: No. 30 of 2018 s. 83.]