—(1) A strata title plan may have limited common property and one or more subsidiary management corporations only for the purpose of representing the different interests of —
subsidiary proprietors of residential lots and subsidiary proprietors of non-residential lots;
subsidiary proprietors of non-residential lots —
if they use their lots for significantly different purposes; or
if the lots of some of these subsidiary proprietors are comprised in a building that is physically detached from other lots in the strata title plan, the creation of any limited common property to represent the interests of these subsidiary proprietors will not adversely affect the use or enjoyment of the lots of the other subsidiary proprietors and the conditions prescribed, if any, for this purpose are satisfied; or
subsidiary proprietors of different types of residential lots.
(2) For the purposes of subsection (1)(c), lots are of different types if they fall within the criteria prescribed in regulations.
History for Provision '77 Limited common property and subsidiary management corporations allowed'.
07 August 2014
Act 8 of 2014