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Collective sale of private properties
Chapter 4.3
Learning Objectives:
Explain the applicable provisions of the Land Titles (Strata) Act 1967 (LTSA) regarding the collective sale of buildings.
Apply the relevant provisions of the LTSA to the legal position of a tenant who is affected.
Explain the rights of subsidiary proprietors to sell their units individually when they have already consented and signed the collective sale agreement that is still valid and in progress.
Describe “break lease” clause in a tenancy agreement for collective sale projects.
Explain the risk of using collective sale apportioned prices in previous failed attempt to sell individual units.
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