Commentary

114.2 Meaning of ‘development business’

COMMONHOLD vol 8(1)
| Commentary

114.2 Meaning of ‘development business’

| Commentary

114.2 Meaning of ‘development business’

‘Development business’ is:

  1. 114.2.1

        the carrying out of works on land which is, may become or has been commonhold land;

  2. 114.2.2

        transactions in commonhold units, including their marketing and so on;

  3. 114.2.3

        the addition or removal of land from the commonhold, and amendment of a commonhold community statement, including a change in size of a unit; and

  4. 114.2.4

        (subject to the articles of the commonhold association) the appointment and removal of directors of the commonhold association1.

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