s 43
In forcePowers of lessor if no current lease
Part 3Provisions relating to leases in leasehold strata schemes
Division 1Leases of lots and common property
43 Powers of lessor if no current lease
(1)
For the purposes of this Act, a lessor of a leasehold strata scheme who is entitled to immediate possession of a lot in the scheme because of the determination of a lease is taken to be the owner of the lot.
(2)
Subsection (1) does not confer or impose on the lessor a right or obligation created by a lease, sublease, mortgage, charge or covenant charge to which a former owner was subject.
This Act’s bill:Explanatory memorandumSecond reading speech
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