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s 26K

Disclosure statement deemed part of contract of sale of unit

In force
Part IVACondominium development
Division 4Miscellaneous

26K Disclosure statement deemed part of contract of sale of unit

(1)

Each contract entered into by a developer for the sale of a unit, proposed unit or other interest in a condominium development, other than an interest referred to in section 26G(1)(a), shall, in addition to any other condition to which it is expressed to be subject, be deemed to be subject to the condition that the developer will construct and complete the condominium development in accordance with the disclosure statement, and each successor in title to a unit or interest so sold shall be deemed to be the original purchaser from or contractor with the developer and may enforce the contract accordingly.

(2)

A person is incapable of contracting out of the effect of subsection (1).

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Section 26K — Disclosure statement deemed part of contract of sale of unit — Unit Titles Act 1975 (Northern Territory) — Barrister AI