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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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