Board may transfer the control maintenance, &c., of common elements to owners of units
17. The Board may, on application made by the owner or owners of all the units of a registered Condominium Property in relation to which the Board exercises the powers vested in it under the Common Amenities Board Law, and if satisfied that such owner or owners are capable of properly controlling, maintaining, managing and administering the common elements of such Property, divest itself of its powers under the Common Amenities Board Law in relation to such Property and transfer to such owner or owners or to any association or body of such owners formed under section 16, the control, maintenance, management and administration of such common elements. |