20.
(1) The condominium status of a building may be terminated by an unanimous resolution of the body corporate. |
|
(2) An application to terminate the condominium status of a building may be made to the District Court where the property to which the Condominium Plan relates is situated, by the body corporate or by an owner. |
|
(3) On an application being made under this section, if the Court is satisfied that, having regard to the rights and interests of the owners as a whole, it is just and equitable that the condominium status of the building should be terminated, the Court may make a declaration to that effect subject to such conditions and directions as it may consider necessary. |
|
|