Strata Company and Strata Titles Act Sample Clauses

Strata Company and Strata Titles Act. The parties acknowledge and agree that: (a) this lease and the Tenant's interest in the Premises is subject to all easements, rights, reservations and powers mentioned in the Strata Titles Act and shown on the Strata Plan; (b) if the Tenant requires the Landlord’s consent or approval before doing any act or thing, the Tenant must also obtain the consent and approval of the Strata Company before doing that act or thing to the extent that it is required under the By-Laws or otherwise by the Strata Company or the Landlord; (c) the purpose of any reserve fund or sinking fund established by the Strata Company is the purpose described in the By-Laws or, if there is no purpose described therein, then the purpose described in section 100(2) of the Strata Titles Act; (d) this lease is not affected by any order made by the District Court under Part III of the Strata Titles Act varying the Strata Plan or substituting a new strata scheme for or terminating the Strata Plan; and (e) despite anything in this lease to the contrary: (i) the Tenant has no rights or claim against the Landlord in relation to the exercise by the Strata Company of any of its rights, duties or powers under the Strata Titles Act and the By-Laws of the Strata Company; and (ii) the Landlord shall be relieved of any obligation imposed by this lease to the extent that the obligation must be performed either by the Strata Company or with the approval of the Strata Company and the Strata Company fails to perform that obligation or fails to give its approval.
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