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Published by Marcus Andrews
Aug 14, 2019 in Property

Breaking news: Court orders first Strata Renewal Plan for the collective sale of a strata scheme

The Land and Environment Court has determined the first Strata Renewal Plan be given effect under the Strata Schemes Development Act 2015 (the Act). In the case of Application by the Owners – Strata Plan No. 61299 [2019] NSWLEC 111 before Pain J, the Court approved the strata renewal plan allowing the strata renewal committee to sell the entire building to the developer.The strata scheme renewal plan proposed was a collective sale of all...
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