Tag: endowment

Arbitrary deprivation: Sectional title endowments

by GilesFiles | Jan 10, 2016 | AB1 - Fairness principle or concept, Bill of Rights, Causes and defences, Community schemes, Courts, Judges, Legislation, Public policy, Topics | 3 |

Some sectional title schemes have a management rule preventing the sale of a unit without a clearance certificate relating to an ‘endowment’. [For an example see below]. The clearance certificate will only be...