s 4B
In forceAcceptance of offer to convert
Part 2Homes and home sites
Division 2Voluntary conversion of residential leases to freehold land
Subdivision 1Residential leases other than conversion in progress leases
4B Acceptance of offer to convert
(1)
The lessee of a residential lease may accept an offer to convert during the availability period for the offer.
(2)
The lessee must accept the offer to convert by—
(a)
paying the purchase price to the chief executive; and
(b)
giving the chief executive all documents required to surrender the lease; and
(c)
complying with the conditions stated in the offer.
(3)
If the lessee does not accept the offer to convert within the availability period—
(a)
the offer lapses at the end of the period; and
(b)
subject to division 3, a subsequent conversion application or offer to convert may be made in relation to the lease.
Research tools for this sectionPro
The statute text is free to read above. View Pro plans to unlock the case-law research tools for each provision.