› Forums › Common Property › Are the any restrictions on granting CP rights in Developer Bylaws? › Current Page
@JimmyT said:
You say it was not the initial period. Does that mean you had held your first AGM at which the by-laws were approved? As far as I know, the initial period ends at the first AGM.
SSMA 2015:
initial period of an owners corporation of a strata scheme means the period:
(a) commencing on the day the owners corporation is constituted, and
(b) ending on the day there are owners of lots in the strata scheme (other than the
original owner) the sum of whose unit entitlements is at least one-third of the
aggregate unit entitlement.
The CP bylaws I refer to were included in the set of bylaws included in the documents submitted in formation of the strata (an enhanced version of the model bylaws), therefore from my reading this would not be during the Initial Period. These are “Developer Bylaws”. So my question is whether a developer can grant exclusive use of areas of common property in these developer bylaws.