On 24/05/2013,
you requested for the version in force on 24/05/2013
incorporating all amendments published on or before 24/05/2013.
The closest version currently available is that of 15/07/2010.
34.
—(1) A management corporation may, subject to the approval of the relevant authority, and pursuant to a 90% resolution —
(a)
execute on behalf of its subsidiary proprietors a transfer of any part of common property (including a part of any building or any immovable property affixed to the common property) as provided in section 23 of the Land Titles (Strata) Act (Cap. 158); or
(b)
execute on their behalf a lease of or rent part of such common property for a period which exceeds 3 years,
other than common property which is the subject of any lease accepted or acquired by the management corporation under subsection (3).
[42/2005]
(2) Subject to such approval from the relevant authority, a management corporation may —
(a)
pursuant to a special resolution, execute on behalf of its subsidiary proprietors a lease of or rent part of such common property to any person for a period which exceeds one year but does not exceed 3 years and cannot be extended by exercise of any option of renewal to exceed an aggregate of 3 years; or
(b)
execute on their behalf a lease of or rent part of such common property to any person for a period which does not exceed one year and cannot be extended by exercise of any option of renewal to exceed an aggregate of one year,
other than common property which is the subject of any lease accepted or acquired by the management corporation under subsection (3).
(3) A management corporation may, pursuant to a special resolution, and subject to such approval from the relevant authority, accept —
(a)
a grant or transfer of any land (not being a lot within the parcel) which abuts the parcel, free from any encumbrances (except those created by statute and subsisting easements);
(b)
a grant or transfer of any lot, including the undivided share in the common property appurtenant to that lot, free from any encumbrances (except those created by statute and subsisting easements); or
(c)
a lease of land, not being a lot within the parcel, whether or not it abuts on the parcel,
for the purpose of creating additional common property.
(4) A management corporation may approve the subdivision of a lot or the amalgamation of 2 or more lots resulting in the creation of any additional or new common property.
(5) Where there are 2 or more management corporations established for separate parcels which are of the same tenure, the respective management corporations may, pursuant to respective special resolutions and subject to such approval from the relevant authority, accept and execute such instruments to amalgamate the common property within the parcels to be held by all the subsidiary proprietors of the respective management corporations as tenants-in-common in undivided shares.
[LT(S)A, ss. 23(1), 25(1), 26(1)]