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Developers: Give yourself enough time for extensions
by LawDotNews
Published 2010/02/03 12:00:00 AM (Viewed 661 times)

A developer who reserves the right to extend a sectional title scheme must, at the time of registering that right, stipulate the period for which he requires it to complete the extensions.


 

Thereafter any lapsed rights transfer to the Body Corporate.


It is vital to choose a period that will give you enough time – the Supreme Court of Appeal has held recently that no court has any power to extend the period for you.


You are stuck with whatever time you originally elected to give yourself!




 
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